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The naira traded at ₦1,367.29 per dollar in the official Nigerian Foreign Exchange Market (NFEM), maintaining relative stability on Tuesday, July 7, 2026In the parallel market, the dollar sold for about ₦1,400, reflecting a slight depreciation of the naira due to sustained demand for foreign currencyAnalysts say the naira’s performance will continue to depend on dollar liquidity, oil export earnings, foreign investment inflows, and the CBN’s FX policies
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Nigerian naira recorded a mixed performance against the United States dollar on Tuesday, July 7, 2026, remaining largely stable in the official foreign exchange market while posting a slight decline in the parallel market.
Latest data from the Nigerian Foreign Exchange Market (NFEM) showed the local currency closed at ₦1,367.29/$1, extending the relative stability witnessed in recent weeks.
Dollar vs Naira: Official Exchange Rate Stays Stable While
