Naira vs US Dollar exchange rate for July 13, 2026

On Monday, July 13, 2026, the Nigerian naira was valued at approximately ₦1,382.33 against the United States dollar at the official Nigerian Foreign Exchange Market, based on available market data, which serves as a key indicator of the currency's performance.

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The official rate of ₦1,382.33 per dollar is the benchmark rate utilized in the formal foreign exchange market, providing a standard reference point for market participants.

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Data from the Central Bank of Nigeria's NFEM platform revealed that the most recent published official market rate prior to Monday's trading was ₦1,379.62 per dollar on July 10, indicating a relatively stable naira in the official market during recent sessions.

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In the parallel market, the exchange rate stood at around ₦1,425 for selling and ₦1,410 for buying, with rates varying across different locations and dealers due to demand and supply conditions.

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The discrepancy between the official and parallel market rates highlights the robust demand for foreign exchange outside the banking system, where businesses and individuals who are unable to access official allocations often resort to the informal market.

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Factors such as foreign exchange liquidity, crude oil earnings, external reserves, investor confidence, and the Central Bank of Nigeria's monetary and foreign exchange policies continue to influence exchange rate movements.

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Market participants are anticipated to closely monitor the Central Bank of Nigeria's interventions and overall dollar supply for signs of the naira's direction in the forthcoming trading sessions.