The Nigerian naira continued to trade within a relatively stable range against the United States dollar on Tuesday, July 21, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as market participants monitored foreign exchange liquidity and the outcome of the Central Bank of Nigeria’s Monetary Policy Committee meeting.
According to data published by the Central Bank of Nigeria (CBN), the official NFEM exchange rate was around ₦1,380 to the US dollar in recent trading, with the volume-weighted average rate standing at ₦1,380.18/$ on the latest available trading day.
In the parallel market, also known as the black market, the dollar traded at about:
Buying rate: ₦1,410 per US dollar
Selling rate: ₦1,425 per US dollar
