- Dollar to Naira Exchange Rate Today, July 11, 2026
- CBN official exchange rate ranged between ₦1,376 and ₦1,380.
- Exchange rates may vary across locations and currency dealers.
The Dollar to Naira exchange rate remained relatively stable on the parallel market on Saturday, July 11, 2026, while the Central Bank of Nigeria (CBN) official market continued to trade at lower rates.
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EKO HOT BLOG reports that according to market sources, the US dollar was bought at ₦1,400 and sold at ₦1,412 in the black market, also known as the parallel market.
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,400 | ₦1,412 |
| CBN Official Market | ₦1,376 (Lowest) | ₦1,380 (Highest) |
The exchange rates listed above may vary slightly across different locations and Bureau De Change (BDC) operators, depending on demand, supply and transaction volume. Rates are also subject to change during the day.
The Central Bank of Nigeria has consistently maintained that it does not recognise the parallel market as an official foreign exchange platform. The apex bank has advised individuals and businesses seeking foreign exchange to use authorised financial institutions and licensed dealers for their transactions.
Meanwhile, fluctuations in the exchange rate continue to influence the cost of imported goods, international payments, travel expenses and other foreign currency transactions across Nigeria. Businesses and individuals are advised to monitor exchange rate movements before carrying out major transactions.
