- Dollar to Naira Exchange Rate Today, July 16, 2026
- Official CBN exchange rate ranged between ₦1,379 and ₦1,384.
- Exchange rates may vary across different foreign exchange dealers.
The Dollar to Naira exchange rate remained relatively stable on Thursday, July 16, 2026, across both the parallel market, commonly known as the black market, and the official Central Bank of Nigeria (CBN) foreign exchange window.
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EKO HOT BLOG reports that according to market information, the US dollar exchanged at ₦1,420 for selling and ₦1,405 for buying in the black market, while the official CBN rate ranged between ₦1,379 and ₦1,384.
| Dollar to Naira (USD/NGN) | Exchange Rate |
|---|---|
| Black Market Buying Rate | ₦1,405 |
| Black Market Selling Rate | ₦1,420 |
| CBN Lowest Rate | ₦1,379 |
| CBN Highest Rate | ₦1,384 |
It is important to note that foreign exchange rates may vary across locations and Bureau De Change (BDC) operators depending on market demand and supply.
The Central Bank of Nigeria continues to advise individuals seeking foreign exchange for eligible transactions to access funds through authorised financial institutions.
