Dollar to Naira exchange rate today, July 16, 2026
The naira traded relatively stable against the United States dollar in the official Nigerian Foreign Exchange Market (NFEM) on Thursday, July 16, 2026, while the parallel market continued to quote the greenback at a premium over the official rate.
The exchange rates are as follows: Official NFEM rate: approximately ₦1,384/$1 Parallel market buying rate: approximately ₦1,408/$1 Parallel market selling rate: approximately ₦1,420/$1 Foreign exchange rates may vary slightly across banks, bureaux de change and locations due to market demand, transaction size and dealer pricing.
The gap between the official and parallel market rates remained relatively narrow compared with previous years, reflecting continued liquidity in the foreign exchange market and the impact of ongoing monetary reforms.
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