The Nigerian naira traded at around ₦1,382.33 to the United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Monday, July 13, 2026, according to available market data.
The latest official rate represents the benchmark exchange rate used in the formal foreign exchange market.
Data from the Central Bank of Nigeria's NFEM platform showed the most recent published official market rate before Monday's trading at ₦1,379.62 per dollar on July 10, indicating that the naira has remained relatively stable in the official market in recent sessions.
In the parallel market, also known as the black market, the dollar exchanged at about ₦1,425 for selling and ₦1,410 for buying, although rates may vary across locations and dealers depending on demand and supply conditions.
The difference between the official and parallel market rates continues to reflect stronger demand for foreign exchange outside the banking system, where businesses and individuals unable to access official allocations often turn to the informal market.
Exchange rate movements remain influenced by foreign exchange liquidity, crude oil earnings, external reserves, investor confidence and the Central Bank of Nigeria's monetary and foreign exchange policies. Market participants are expected to continue monitoring CBN interventions and overall dollar supply for indications of the naira's direction in the coming trading sessions.
