The Nigerian naira maintained relative stability against the United States dollar on Tuesday, July 14, 2026, as the official foreign exchange market recorded only slight movements, while the parallel market continued to trade the dollar at a higher rate.
Data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) showed the official exchange rate at about ₦1,379.62 per dollar, based on the latest available trading figures.
During trading, the naira moved within a narrow range, reaching a high of ₦1,382/$1 and a low of ₦1,375/$1, indicating limited volatility in the formal market.
In the parallel market, popularly known as the black market, the dollar was quoted at around ₦1,410 for selling, while buying rates stood at about ₦1,400 per dollar.
The difference between the official and parallel market rates remained relatively small, with the gap standing at roughly ₦30, suggesting improved foreign exchange liquidity and ongoing efforts to support the naira.
For individuals and businesses monitoring the exchange market, the rates on Tuesday were:
Official NFEM rate: Approximately ₦1,379.62/$1
Parallel market buying rate: Approximately ₦1,400/$1
Parallel market selling rate: Approximately ₦1,410/$1
However, black market rates may differ slightly depending on location, demand and individual dealers.
Analysts say movements in the naira’s value will continue to depend on factors such as foreign exchange supply, Central Bank interventions, crude oil earnings, investor confidence and broader economic conditions.
