Nigeria Parallel Market Dollar/Naira Rate Near ₦1,410 on July 25, 2026

On 25 July 2026 Nigeria’s parallel (black‑market) dollar rate was quoted at about ₦1,405 for buying and ₦1,415 for selling, roughly a three‑percent premium to the Central Bank of Nigeria’s official window rate of around ₦1,369.63 per USD.

Market participants said the level reflects steady demand from importers, travelers paying school fees and medical costs abroad, and businesses restocking inventories, while improved dollar liquidity from oil receipts and diaspora remittances has kept cash availability moderate. analysts note that the narrow gap limits large‑scale arbitrage and that future oil price moves and possible central‑bank interventions could affect the rate.