Naira Holds Firm Against Dollar
July 22, 2026Naira and Dollar Notes. Credit: Vanguard News. The naira has traded at ₦1,381. 68 against the United States (US) dollar at theNigerian Foreign Exchange Market (NFEM)on Wednesday. Official market. . .
July 22, 2026Naira and Dollar Notes. Credit: Vanguard News. The naira has traded at ₦1,381. 68 against the United States (US) dollar at theNigerian Foreign Exchange Market (NFEM)on Wednesday. Official market data showed the local currency exchanging at ₦1,381. 68 per dollar at the start oftradingon Wednesday. In the parallel market, also known as the black market, the dollar traded at about ₦1,408 for buying and ₦1,413 for selling, although rates may vary depending on location, transaction size and currency dealer. Read MoreADC Secretary Links Insecurity to Nigeria’s Food CrisisNaira and Dollar Notes. Credit: Business Post Nigeria. At the current rates, $100 would exchange for about ₦138,168 at the official market, while the same amount would sell for about ₦141,300 in the parallel market. The gap between the official and parallel market rates continues to reflect demand and supply in Nigeria’s foreign exchange market. The Central Bank of Nigeria (CBN) has continued itsforeign exchangereforms to improve market liquidity and reduce the gap between the official and parallel market rates, although the black market still trades at a premium. Deborah Akwa is a content writer with over four years of experience creating brand stories, editorial content, and audience-focused articles on topics like health, lifestyle, and entertainment. When she isn't writing, she is behind the scenes managing editorial operations and helping the content team work better. She loves using words to connect brands with their audiences. Outside of work, she enjoys watching movies and engaging in thought-provoking conversations. Share the StoryCentral Bank of Nigeria (CBN)Naira to Dollar Exchange rateNigerian Foreign Exchange Market (NFEM)