On Wednesday, July 15, 2026, the Nigerian naira experienced varied results against the US dollar in both the official and informal exchange markets as participants assessed liquidity levels and market demand. According to the Central Bank of Nigeria, the official NFEM rate stood at ₦1,382 per dollar, marking a minor decrease from the previous day’s closing rate of ₦1,380.50.
Conversely, the parallel market saw the naira strengthen to approximately ₦1,412 per dollar, rising from the previous day’s rate of ₦1,420. This shift helped reduce the spread between the two markets to about ₦30. Market reports also highlighted a notable rise in trading volumes at the official window.
The Central Bank continues to utilize a volume-weighted average of completed deals to set the official benchmark rate. Industry experts suggest that future currency performance will be guided by factors such as foreign exchange inflows, importer demand, and the impact of ongoing government monetary and fiscal initiatives.
