Dollar to Naira exchange rate today, July 20, 2026
The naira traded relatively stable against the United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Monday, July 20, 2026, while the parallel market continued to quote the greenback at a premium.
The gap between the official and parallel market rates underscores the continued demand for dollars outside the formal foreign exchange market.
The Central Bank of Nigeria continues to publish the NFEM’s volume-weighted average exchange rate as the country’s official benchmark, while rates in the parallel market are determined by supply and demand among currency dealers.
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