As trading commenced on Monday, July 27, 2026, the Nigerian naira showed steady performance against the US dollar in both the official NFEM window and the parallel market. Official records from the Central Bank of Nigeria indicate the NFEM rate finished at ₦1,362.09 per dollar during the previous session on July 24, with daily fluctuations between a high of ₦1,365.00 and a low of ₦1,359.00.
Parallel market traders reported purchasing the dollar for ₦1,350 and selling it for approximately ₦1,375 on Monday. This tight margin between official and unofficial rates highlights the ongoing market convergence. These figures remain subject to local variations based on transaction volume and dealer availability.
The Central Bank of Nigeria maintains its focus on foreign exchange reforms to bolster liquidity and investor trust. Furthermore, the Monetary Policy Committee recently upheld the Monetary Policy Rate at 26.5 percent to navigate global economic instability and prioritize domestic macroeconomic health.
