The Nigerian naira traded at approximately ₦1,381.68 against the US dollar in the official market on July 22, 2026, according to Nigerian Foreign Exchange Market (NFEM) data.This rate reflects the market's starting point for trading that day.

In the parallel market, commonly known as the black market, the dollar traded around ₦1,408 for buying and ₦1,413 for selling, though rates may vary by location and transaction size.$100 would exchange for about ₦138,168 at the official rate, while the parallel market rate could fetch ₦141,300.The gap between official and parallel rates highlights supply and demand dynamics in Nigeria's foreign exchange market.The Central Bank of Nigeria continues reforms to improve liquidity and narrow this gap, but the parallel market still trades at a premium.Rates in both markets fluctuate throughout the day based on market conditions and transaction volumes.