GistReel
The Nigerian naira remained relatively stable against the United States dollar on Tuesday, July 14, 2026, trading at ₦1,379.62 per dollar on the official Nigerian Foreign Exchange Market (NFEM), while the dollar sold for about ₦1,410 in the parallel market.
Figures published on the Central Bank of Nigeria’s foreign exchange portal showed the official exchange rate closing around ₦1,379.62/$1, as the local currency maintained a steady performance despite slight movements during the trading session.
Official market records slight fluctuations
Trading data indicated that the dollar reached an intraday high of ₦1,382.00 and a low of ₦1,375.00, highlighting modest fluctuations in demand and supply within the official foreign exchange market.
The relatively stable movement reflects continued liquidity in the NFEM and ongoing efforts by monetary authorities to support the value of the naira.
Black market dollar remains higher
In the parallel market, also known as the black market, Bureau de Change operators quoted the US dollar at about ₦1,410 for selling, while the buying rate stood around ₦1,400 per dollar.
This left the parallel market trading at a premium of approximately ₦30 above the official exchange rate.
The difference between both markets has remained relatively narrow in recent weeks, suggesting improved access to foreign exchange through official channels.
Exchange rates for July 14, 2026
Official NFEM rate: ₦1,379.62/$1
Parallel market buying rate: ₦1,400/$1
Parallel market selling rate: ₦1,410/$1
Exchange rates in the parallel market may differ slightly depending on the location and dealer, while the official NFEM rate is determined by transactions carried out within Nigeria’s regulated foreign exchange market.