Dollar to Naira exchange rate today, July 24, 2026
The Central Bank of Nigeria determines the official NFEM exchange rate using a volume-weighted average of transactions executed in the market, while parallel market rates are driven by demand and supply among currency dealers.
The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, July 24, 2026, at both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders continued to monitor foreign exchange liquidity and demand.
The spread between the official and parallel market rates remained relatively narrow compared with previous years, reflecting ongoing foreign exchange reforms and improved market liquidity, although analysts say demand for dollars from importers and other end-users continues to influence market movements.
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