On Monday, July 13, 2026, the Nigerian naira was valued at approximately ₦1,382.33 against the United States dollar within the official Nigerian Foreign Exchange Market (NFEM). This figure serves as the primary benchmark for formal trading.
Records from the Central Bank of Nigeria indicate that the naira has maintained a degree of stability, following an official rate of ₦1,379.62 recorded on July 10. Conversely, in the parallel market, the dollar fluctuated between ₦1,410 for purchases and ₦1,425 for sales, with prices frequently shifting based on local supply and demand.
The discrepancy between official and unofficial rates highlights the ongoing pressure on foreign exchange outside traditional banking channels, where many individuals and enterprises seek liquidity. Future fluctuations will likely depend on factors such as crude oil revenue, external reserves, investor sentiment, and ongoing monetary policies directed by the Central Bank of Nigeria.
