- Dollar to Naira Exchange Rate Today, July 23, 2026
- CBN official dollar rates range between ₦1,365 and ₦1,378.
- Exchange rates may change depending on market conditions and demand.
The exchange rate between the US dollar and the Nigerian naira remained a key focus for businesses, travellers, importers and other foreign exchange users on Thursday, July 23, 2026.
The naira continued to trade at different rates across the official and parallel foreign exchange markets. According to the rates provided for today, the dollar is being bought and sold at different prices in the black market, while the Central Bank of Nigeria’s official window also recorded varying rates. The CBN publishes official Nigerian foreign exchange market rates through its exchange rate portal.
| Market | Rate |
|---|---|
| Black Market Selling Rate | ₦1,415 |
| Black Market Buying Rate | ₦1,405 |
| CBN Highest Rate | ₦1,378 |
| CBN Lowest Rate | ₦1,365 |
At the parallel market, commonly known as the black market, the dollar is reportedly being bought at ₦1,405 and sold at ₦1,415 today.
This means that anyone selling $1 to a black market currency dealer could receive about ₦1,405, while those looking to buy $1 could pay approximately ₦1,415, based on the provided rates.
At the official market, the dollar recorded a highest rate of ₦1,378 and a lowest rate of ₦1,365. Official rates can vary according to the specific trading data and timing used for reporting.
The difference between the reported black market selling rate of ₦1,415 and the CBN highest rate of ₦1,378 is ₦37 per dollar.
For larger transactions, this difference can become significant. For instance, the difference would amount to ₦37,000 on $1,000, based on the two rates.
However, exchange rates can change during the day due to market conditions, foreign exchange supply and demand and other economic factors. Individuals and businesses are therefore advised to confirm the latest rate before conducting foreign exchange transactions.
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