
Dollar to Naira exchange rate today, August 7, 2026
For individuals exchanging small amounts, the parallel market may offer quicker access to cash dollars, while businesses with approved documentation are expected to source foreign exchange through the official banking and NFEM channels.
The naira remained relatively stable against the United States dollar across both the official and parallel foreign exchange markets as traders monitored liquidity conditions and demand pressures.
Currency dealers said demand from importers, travellers, and other retail users continued to support the parallel-market rate, while supply from exporters and autonomous sources helped keep the official market relatively stable.
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