Naira strengthens on first week-day trading at official FX market

…Black market (Buying and selling rates): N1,405— N1,410

The Nigerian naira appreciated against the United States (US) dollar, trading at  N1,362.2064 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Monday, July 27, 2026.

The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,362.2064  per dollar and closed at N1,364.0000 per dollar.

The currency, which traded at an NFEM rate of N1,362.0866 on Friday, July 24, 2026, slightly appreciated by at least N0.12 after trading activities on Monday. 

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At the parallel market, the buying rate remained the same while the selling rate depreciated by N5 when compared to the previous trading rate on Friday, July 24, 2026.

According to Aboki FX , the Naira-to-dollar exchange rate at the black market on Monday, July 27, 2026, was N1,405 per dollar for the buying rate and N1,410 per dollar for the selling rate.