The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, July 17, 2026, as the official Nigerian Foreign Exchange Market (NFEM) continued to reflect modest day-to-day movements, while the parallel market maintained a premium over the official window.
According to the latest available data from the Central Bank of Nigeria (CBN), the official NFEM exchange rate was around ₦1,380 per US dollar, with the most recent published NFEM fixing at ₦1,382.18/$1 for July 15. The CBN derives the NFEM rate using the volume-weighted average of transactions in the official foreign exchange market.
In the parallel market, also known as the black market, currency traders quoted the dollar at about:
Buying rate: ₦1,410–₦1,417 per dollar
Selling rate: ₦1,417–₦1,425 per dollar
