Will the parallel-market naira fall below ₦1,340/$ before Oct 12?

Outcome: NO

How this forecast is settled

Will the parallel-market dollar rate fall below ₦1,340 before October 12?

Resolution

No, the parallel-market dollar rate did not fall below ₦1,340/$ before October 12, 2026. While the official Nigerian Foreign Exchange Market (NFEM) rate successfully hovered below that threshold (trading between ₦1,327 and ₦1,332 during early October), the parallel (black) market maintained a premium due to retail demand. Leading up to October 12, parallel-market trackers from Techeconomy and Monierate consistently reported the street rate sitting between ₦1,362 and ₦1,390/$

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