On July 14, 2026, the Nigerian naira maintained a steady position against the US dollar within the official Nigerian Foreign Exchange Market. Conversely, the unofficial market maintained a higher valuation for the dollar.
The Central Bank of Nigeria reported that the official rate settled at approximately ₦1,379.62 per dollar. During the session, the currency reached a peak of ₦1,382.00 and a floor of ₦1,375.00, indicating minor shifts throughout the day.
Street traders and Bureau de Change participants priced the dollar at ₦1,410 for sellers and ₦1,400 for buyers. This creates a margin of about ₦30 compared to the official rate. The recent narrowing of this spread is attributed to better liquidity and ongoing regulatory support for the currency.
Those monitoring the market should note that parallel rates can differ based on location and individual vendors. Official figures are strictly derived from formal trading activities.
