Dollar to Naira exchange rate today, July 14, 2026

The Nigerian naira traded with relative stability against the United States dollar on the official Nigerian Foreign Exchange Market (NFEM) on Tuesday, July 14, 2026, while the parallel market continued to quote the dollar at a premium.

Data from the Central Bank of Nigeria’s exchange rate portal showed the official NFEM exchange rate hovering around ₦1,379.62 to the US dollar, based on the most recent available trading data. The market recorded an intraday high of ₦1,382.00 and a low of ₦1,375.00, reflecting modest fluctuations in trading activity.

In the parallel market, commonly referred to as the black market, Bureau de Change operators and street traders quoted the dollar at about ₦1,410 per dollar, with buying rates around ₦1,400, leaving a premium of roughly ₦30 over the official market.

The gap between the official and parallel market rates has remained relatively narrow in recent weeks, reflecting improved liquidity in the official foreign exchange market and continued interventions aimed at supporting the naira.

For individuals and businesses, the prevailing exchange rates on July 14 are:

Official NFEM rate: about ₦1,379.62/$1

Parallel market buying rate: about ₦1,400/$1

Parallel market selling rate: about ₦1,410/$1

Exchange rates in the parallel market may vary slightly across cities and dealers, while the official NFEM rate is determined by transactions conducted within Nigeria’s formal foreign exchange market.

The post Dollar to Naira exchange rate today, July 14, 2026 appeared first on Vanguard News.