- Dollar to Naira Exchange Rate Today, July 9, 2026
- CBN official exchange rate ranged between ₦1,376 and ₦1,387 per dollar.
- Parallel market remained above the official exchange rate on July 9.
The Dollar to Naira exchange rate remained relatively stable on Wednesday, July 9, 2026, across both the parallel market and the official foreign exchange market.
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EKO HOT BLOG reports that in the black market, the United States Dollar exchanged at ₦1,410 per dollar for selling and ₦1,398 per dollar for buying, according to rates obtained from currency traders.
At the official market, the Central Bank of Nigeria (CBN) recorded the highest exchange rate at ₦1,387 per dollar, while the lowest rate stood at ₦1,376 per dollar.
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,398 | ₦1,410 |
| CBN (Official Market) | ₦1,376 (Lowest) | ₦1,387 (Highest) |
The gap between the official and parallel market rates continues to reflect the persistent demand for foreign exchange outside official channels. Exchange rates may also vary slightly across locations and dealers depending on market conditions.
The Central Bank of Nigeria has consistently advised individuals and businesses seeking foreign exchange to use authorized financial institutions for legitimate transactions. However, many Nigerians still rely on the parallel market due to limited access to foreign currency through official channels.
Importers, international travelers, students paying tuition abroad and businesses involved in cross border trade are advised to monitor daily movements in the exchange rate, as fluctuations can significantly affect the cost of goods and services.
