The naira held fairly steady against the US dollar on Friday, July 31, 2026, with only minor shifts showing up in both the official market and the parallel market. Figures released by the Central Bank of Nigeria put the official rate hovering near 1,379 naira to the dollar, and independent trackers recorded values between 1,379 and 1,384 over the course of the day.
In the parallel market the dollar changed hands at around 1,409 naira for purchases and 1,420 naira for sales in Lagos and other major spots. Dealers applied small variations depending on transaction size and their location, yet the overall picture remained consistent across the board.
The difference between the official and street rates stayed narrow, sitting at roughly 30 to 40 naira. This gap looks much tighter than the larger premiums that appeared during earlier stretches when foreign exchange was harder to come by.
Market watchers credited improved liquidity in the official window and regular steps taken by the Central Bank for keeping the naira on an even keel. The currency has recently moved inside a fairly tight band, with the official side near 1,373 and the parallel market around 1,405, showing only gentle day-to-day changes.
Demand from importers and people seeking dollars outside the banking system stayed strong, currency traders said, but supply levels proved adequate to avoid any sharp slide in the naira.
For those tracking the rate today the key reference points stood at roughly 1,379 naira per dollar in the official market and between 1,409 and 1,420 naira in the parallel market. These levels can still move slightly before the session closes as dealers respond to fresh demand and the dollars available.
