On Thursday, July 30, 2026, the US Dollar was officially valued at roughly 1,358.63 Naira within Nigeria’s foreign exchange sector. Trading at the spot market commenced near 1,365.69 Naira, with price fluctuations ranging between 1,356.61 and 1,361.25 Naira per dollar during the initial sessions.
Meanwhile, the parallel market saw the dollar trading at about 1,400.00 Naira. Bureau de Change agents in Abuja and Lagos noted that market liquidity remained consistent with minimal volatility, maintaining rates near recent benchmarks.
This market alignment highlights current stability in the national forex ecosystem. Experts suggest the narrower gap between the official and unofficial rates is a result of the Central Bank of Nigeria’s recent monetary policies, better management of liquidity, and consistent foreign exchange reserves. Market participants remain focused on fluctuating demand as imports and international payments continue to influence daily trading volumes.
