For Thursday, August 13, 2026, di naira remain stable against di United States dollar for both di official Nigerian Foreign Exchange Market (NFEM) and di parallel market, as traders dey monitor foreign exchange liquidity and demand pressures.
Data from di Central Bank of Nigeria (CBN) NFEM platform show say di official exchange rate dey hover around ₦1,367 per dollar, with di CBN benchmark rate quoted at about ₦1,366.73 per dollar. Di apex bank describe di NFEM rate as a volume-weighted average wey serve as di official exchange rate for di day.
For di parallel market, wey dem dey call di black market, currency dealers for major Lagos trading hubs quote di dollar at about ₦1,410 for buying and ₦1,425 for selling on Thursday morning. Market trackers show say di street rate continue to trade at a premium to di official market.
Di spread between di two markets remain around ₦58 per dollar, wey reflect persistent demand for foreign currency outside di formal banking system, despite recent improvements for official market liquidity.
Analysts say di naira don dey more stable for recent weeks compared with di sharp volatility wey di market record for late 2024 and early 2025. Historical NFEM data indicate say di official exchange rate don largely trade within di ₦1,360 to ₦1,385 range through much of July and early August 2026.
For individuals and businesses, di official rate dey applicable to eligible transactions wey dem process through banks and authorized dealers, while di parallel market rate dey used for cash transactions outside di formal foreign exchange window.
Traders dey expect di naira to remain range-bound for di near term, with attention dey focused on foreign portfolio inflows, oil receipts, and di Central Bank’s ongoing efforts to improve liquidity for di official foreign exchange market.
