Dollar to Naira Black Market Rate Today — Monday, 13 July 2026

The naira posted a modest recovery on the black market on Monday, 13 July 2026, with the dollar trading at ₦1,411.41 to buy and ₦1,421.65 to sell, a day-on-day improvement of approximately 0.92 percent as the local currency gained ground against the greenback.

The strengthening, while incremental, offers a cautiously optimistic signal at the start of the trading week. Analysts watching the Central Bank of Nigeria's posture on foreign exchange supply note that the parallel market rate remains meaningfully above the official window. The CBN's published official exchange rate stood at ₦1,381.70 on Monday, leaving a spread of roughly ₦39.95 on the sell side between the two markets. That gap, though narrower than the triple-digit divergences seen in prior years, continues to attract scrutiny from policy observers who argue that a persistent premium still incentivises round-tripping and undermines the unification effort the apex bank has championed since mid-2023.

The CBN's foreign reserves trajectory will be a key variable in determining whether today's mild naira recovery can be sustained. When the bank intervenes, either through direct dollar sales to authorised dealers or by clearing backlogs of verified foreign-exchange demand, the effect tends to compress the parallel premium, at least temporarily. Traders in Lagos bureau-de-change corridors noted slightly improved dollar liquidity on Monday morning, though they stopped short of attributing the shift to a specific CBN action. If the bank follows through with consistent intervention, the spread between the official and parallel windows could narrow further in coming sessions.

Sterling and the euro also reflected the day's cautious optimism. Those tracking the pound to naira rate saw the British pound quoted at ₦1,901.98 on the buy side and ₦1,927.31 on the sell side in parallel market dealings. The euro was exchanged at ₦1,594.39 to buy and ₦1,619.72 to sell, with the euro to naira rate continuing to reflect broader dollar-index movements and domestic liquidity conditions simultaneously.