Dollar to Naira exchange rate today, July 9, 2026

n n

The Nigerian naira traded at approximately ₦1,373.99 per United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Thursday, July 9, 2026, according to the latest available market data.

n

Data from the official foreign exchange market showed the naira continuing to trade within a relatively stable range in recent sessions as market participants monitored liquidity conditions and foreign exchange demand.

n

In the parallel market, also known as the black market, the US dollar exchanged at about ₦1,410/$, although rates varied slightly across dealers and locations.

n

The difference between the official NFEM rate and the parallel market rate remained around ₦36 per dollar, reflecting the continued premium paid by buyers sourcing foreign currency outside the official market.

n

Exchange rates in both the official and parallel markets fluctuate daily based on foreign exchange supply, demand, market liquidity, and broader economic conditions. As a result, the rates offered by banks, bureaux de change, and street traders may differ slightly from the quoted averages.

n n