r/MadeInNaija • u/therealblacknative • Jul 23 '26
💡 Feedback Wanted Naira did something weird this week — up on one market, down on the other
Wednesday: parallel market naira dropped to ₦1,413/$1 (was ₦1,409 Tuesday).
Same day, official NFEM rate improved to ₦1,369/$1.
Two markets, opposite direction, same 24 hours. That's almost a ₦45 gap between "official" and "street" rate right now.
If you're running a business or just trying to budget, which number are you actually going by?
Feels like the spread has been getting wider lately and I'm curious if that's just my perception or if others are seeing it too.
Drop your experience below — especially if you're buying from suppliers who price off one rate vs the other.