Naira trades at ₦1,382.33/$ officially, parallel market at ₦1,425/₦1,410 on July 13, 2026

The Nigerian naira traded at approximately ₦1,382.33 to the US dollar on the official Nigerian Foreign Exchange Market (NFEM) on Monday, July 13, 2026, according to Central Bank data. This represents a slight depreciation from the ₦1,379.62 rate recorded on July 10. In the parallel market, the dollar sold for about ₦1,425 and bought for ₦1,410, with rates varying by location and dealer. The official market has remained relatively stable in recent sessions, while the parallel market shows a wider spread between buying and selling prices.

The exchange rate directly affects the cost of imported goods, fuel prices, and overall inflation. A weaker naira raises import expenses, which can squeeze household budgets and business margins. The spread in the black market indicates limited liquidity and higher transaction costs for those needing foreign exchange outside official channels.

Individuals and businesses should monitor both official and parallel rates when planning imports, travel, or foreign‑currency expenditures. Consider using official channels for legitimate transactions to avoid the higher parallel‑market premium, and budget for potential exchange‑rate volatility in the coming weeks.

SOURCE: https://www.channelstv.com/2026/07/13/naira-to-dollar-exchange-rate-today-july-13-2026/