Naira depreciates to N1,383.0755 at official FX market, black market rates firm
By Aboki Forex —
The Nigerian naira weakened against the US dollar at the Central Bank of Nigeria official foreign exchange window on Tuesday, July 14, 2026, trading at N1,383.0755 per dollar.
Data from the CBN official platform shows the currency closed at N1,382.0000 per dollar after trading at the Nigerian Foreign Exchange Market rate of N1,383.0755. This represents a depreciation of at least N3.43 compared to the NFEM rate of N1,379.6504 recorded on Monday, July 13, 2026.
Parallel market movement
At the black market, the naira appreciated against the dollar. According to AbokiFX, the buying rate stood at N1,410 per dollar and the selling rate at N1,420 per dollar on Tuesday. Both rates gained N2 each compared to the previous trading day on Monday, July 13, 2026.
The parallel market buying and selling rates were listed at N1,412 and N1,422 respectively on the source data.
What this means for the naira and consumers
The slight depreciation at the official window, combined with marginal gains on the black market, suggests continued pressure on the naira. The gap between the official rate of N1,383.0755 and the parallel market selling rate of N1,422 remains wide at nearly N39. This spread signals persistent demand for dollars outside the official channel, which could keep inflation elevated for imported goods and raw materials used by Nigerian businesses.