As Monday morning, July 27, 2026, come, di Nigerian naira hold im ground against di United States dollar for both di official Nigerian Foreign Exchange Market (NFEM) and di parallel market.
For di parallel market, wey dem dey call black market, di US dollar dey buy for about ₦1,350 and dem dey sell am for around ₦1,375. Dis one na according to market data from currency dealers wey dey monitor di market.
Di difference between di official rate and di parallel market rate remain small, wey show say di two markets dey come closer together. Before, di gap bin big, but now di situation don improve.
Di Central Bank of Nigeria (CBN) don continue to implement foreign exchange reforms wey aim to improve liquidity, boost investor confidence, and help di naira stay stable.
But make we no forget say exchange rates for di parallel market fit vary from place to place and from one Bureau De Change (BDC) operator to another, depending on demand, supply, and transaction volumes.
