The Nigerian naira traded at ₦1,382.33 per United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Monday, July 13, 2026, according to the latest available market data.
The official exchange rate serves as the benchmark for transactions in Nigeria’s formal foreign exchange market.
Data from the Central Bank of Nigeria’s NFEM platform showed that the last published official rate before Monday’s trading closed at ₦1,379.62/$1 on Friday, July 10, indicating that the naira has remained relatively stable in recent trading sessions.
In the parallel market, commonly referred to as the black market, the US dollar traded at approximately ₦1,425 for selling and ₦1,410 for buying. However, exchange rates in the informal market may vary depending on location, dealer, and prevailing demand and supply conditions.
The gap between the official and parallel market rates continues to reflect strong demand for foreign exchange outside the banking system, as many businesses and individuals unable to access official allocations rely on the informal market.
Analysts say movements in the naira remain largely driven by foreign exchange liquidity, crude oil earnings, Nigeria’s external reserves, investor confidence, and the Central Bank of Nigeria’s monetary and foreign exchange policies.
Market participants are expected to closely monitor the CBN’s interventions and overall dollar liquidity for signals on the naira’s direction in the coming trading sessions.
