On Tuesday, July 21, 2026, the Nigerian naira maintained a steady position against the US dollar in both the official NFEM and parallel exchange markets. Investors remained focused on liquidity levels and the pending decisions from the Central Bank of Nigeria’s (CBN) Monetary Policy Committee.
Official records from the CBN indicate that the naira traded near ₦1,380 per dollar, with the volume-weighted average finalized at ₦1,380.18. Meanwhile, parallel market figures fluctuated based on individual dealer rates and transaction sizes.
The discrepancy between official and unofficial rates has tightened, signaling better liquidity resulting from recent banking reforms. Despite this, persistent demand from commercial entities and importers still impacts parallel market volatility. Market observers continue to monitor the CBN, which is carefully balancing the need for currency stability against rising inflation.
