Dollar to Naira exchange rate today, July 31, 2026

Vanguard NigeriaIndependentCenterFactual 90Objective 953 days ago

On July 31, 2026, the Nigerian naira remained largely stable against the U.S. dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel (black market). The official exchange rate was around ₦1,379 per dollar, while the parallel market saw rates between ₦1,409 and ₦1,420. The difference between the two markets narrowed to about ₦30–₦40 per dollar, a significant improvement compared to past periods of severe foreign exchange shortages. Analysts attributed this stability to increased liquidity in the official market and central bank interventions. Demand for foreign exchange remained high among importers and individuals, but adequate supply prevented sharp depreciation. Traders expected slight adjustments in exchange rates before the end of the trading day.

Bias read (Center): The article provides factual data on exchange rates without taking a stance or using biased language. It reports on economic indicators and market behavior objectively, citing data from the Central Bank of Nigeria and referencing market analysts' observations without apparent ideological framing.

Why factuality (90): The article accurately reports the exchange rate for July 31, 2026, providing specific figures for both the official and parallel markets. The data aligns with the cross-source consensus found in other articles reporting similar dates and ranges. The mention of the Central Bank's interventions and l

Why objectivity (95): The article maintains a highly objective tone, presenting facts without editorializing or taking sides. It includes quotes from market analysts and references to Reuters, ensuring a balanced perspective on the naira's stability.

Vanguard NigeriaIndependentCenterFactual 90Objective 955 days ago

On July 29, 2026, the Nigerian Naira showed relative stability against the U.S. Dollar in both the official Foreign Exchange Market (NFEM) and the parallel market. The official rate was recorded at 1,364.54 Naira per Dollar, while the parallel market saw buying rates around 1,410 Naira and selling rates near 1,425 Naira. The narrowing gap between these two markets has been attributed to liquidity interventions by the Central Bank of Nigeria (CBN) and consistent monetary policy guidance. Market participants remain attentive to global trends and domestic foreign reserves as the day progresses.

Bias read (Center): The article provides factual data on exchange rates and mentions central bank actions without taking a stance or using biased language. It remains neutral in tone and does not favor any particular perspective.

Why factuality (90): The article accurately reports the exchange rate for July 29, 2026, with specific figures for both the official and parallel markets. The data aligns with the cross-source consensus found in other articles. The reference to the Central Bank's interventions and monetary policy guidance is consistent

Why objectivity (95): The article maintains a highly objective tone, presenting the exchange rate data without bias. It includes insights from market operators without taking sides or expressing personal views.

Vanguard NigeriaIndependentCenterFactual 90Objective 9510 days ago

On July 24, 2026, the Nigerian naira maintained a relatively stable exchange rate against the U.S. dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel (black) market. The official rate was approximately ₦1,369.92 per dollar, while the parallel market rate was around ₦1,420 per dollar. This narrower spread between the two rates reflects improvements in foreign exchange liquidity and ongoing reforms by the Central Bank of Nigeria. The official rate is determined through a volume-weighted average of transactions, whereas the parallel market is influenced by dealer demand and supply. Analysts note that continued demand for dollars from importers and other users still affects market dynamics.

Bias read (Center): The article provides factual data on exchange rates without taking a stance on economic policies or political figures. It reports on market conditions and factors influencing them neutrally, without apparent bias toward any particular perspective.

Why factuality (90): The article accurately reports the exchange rate for July 24, 2026, with specific figures for both the official and parallel markets. The data matches the cross-source consensus found in other articles covering similar timeframes. The explanation of the official rate calculation method is precise an

Why objectivity (95): The article remains neutral in tone, presenting the exchange rate data without bias. It explains the factors influencing the market without injecting personal opinion or favoring any particular viewpoint.

Vanguard NigeriaIndependentCenterFactual 85Objective 902 days ago

The Nigerian Naira depreciated to N1,415 per dollar in the parallel market, compared to N1,410 per dollar the previous day. Meanwhile, the naira appreciated to N1,368 per dollar in the Nigerian Foreign Exchange Market (NFEM), according to data from the Central Bank of Nigeria (CBN). The indicative exchange rate also showed a slight appreciation to N1,368 from N1,368.5 per dollar. As a result, the gap between the parallel market and the official market widened to N47 per dollar, up from N41.5 per dollar. Interbank turnover at NFEM increased by 1.01% to N58.99 million.

Bias read (Center): The article presents factual economic data regarding the depreciation and appreciation of the Naira in different markets without overtly favoring any political stance. It reports on exchange rates, central bank data, and market trends objectively, without editorializing or emphasizing particular政治立场

Why factuality (85): The article provides specific exchange rate figures for the parallel and official markets, but lacks the exact date mentioned in other articles. However, the data aligns with the general trend observed in other reports. The mention of the widening spread and interbank turnover is consistent with the

Why objectivity (90): The article is generally neutral, presenting the exchange rate changes without overt bias. However, the lack of a specific date might reduce clarity, though this doesn't affect the neutrality of the content itself.

Vanguard NigeriaIndependentCenter5 hr. ago

On Monday, August 3, 2026, the Nigerian naira showed relative stability against the US dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. The official rate was reported at approximately ₦1,368 per dollar, slightly above the previous day's closing rate of ₦1,368.22. In contrast, the parallel market (black market) saw the dollar trading at ₦1,410 for buying and ₦1,425 for selling, creating a gap of about ₦57 per dollar. This represents a significant narrowing of the exchange rate spread compared to earlier periods of high volatility in 2024. Analysts suggest continued stability will depend on factors such as oil export revenues, foreign investment, remittances, and the Central Bank's monetary policies.

Bias read (Center): The article presents factual economic data regarding the naira-dollar exchange rate without overt ideological framing. It reports on market trends, official figures, and expert analysis without taking a clear partisan stance. The tone remains neutral, focusing on objective financial indicators and a