The Nigerian naira traded at ₦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 rate represents the benchmark exchange rate in the country’s official foreign exchange market.
Data from the Central Bank of Nigeria’s NFEM platform showed that the naira closed at ₦1,379.62/$ on Friday, July 10, suggesting that the local currency has remained broadly stable in the official market in recent trading sessions.
In the parallel market, commonly known as the black market, the dollar traded at about ₦1,425 for selling and ₦1,410 for buying, although rates vary across locations and dealers depending on demand and supply.
The gap between the official and parallel market rates continues to reflect sustained demand for foreign exchange outside the formal banking system, where businesses and individuals who are unable to access official FX allocations often resort to the informal market.
The naira’s performance remains closely tied to foreign exchange liquidity, crude oil receipts, external reserves, investor sentiment and the Central Bank of Nigeria’s monetary and foreign exchange policies. Market participants are expected to keep a close watch on the CBN’s interventions and overall dollar supply for clues about the currency’s direction in the coming trading sessions.
