Dollar to Naira Exchange Rate Today: July 28, 2026.
The Nigerian naira experienced mixed performance against the U.S. dollar on Tuesday, July 28, 2026, with the official Nigerian Autonomous Foreign Exchange Market rate closing at 1,420 naira per dollar, while the parallel market rate traded at 1,470 per dollar.
According to Ejes Gist News, the Central Bank of Nigeria quoted the official rate at 1,420 naira per dollar, down slightly from 1,418 on Monday. The naira weakened marginally as demand for dollars increased ahead of the month-end import settlements.
Investigations by Ejes Gist News reveal that the parallel market rate hovered around 1,470 naira per dollar, reflecting a premium of 50 naira over the official rate.
Bureau de Change operators attributed the slight depreciation to speculative pressures and a dip in dollar supply. The table below shows the exchange rate breakdown for July 28, 2026.
Dollar To Naira Exchange Rate Today
| Market | Rate (NGN/USD) |
|---|---|
| CBN Official (NAFEM) | 1,420 |
| Parallel Market | 1,470 |
| Bureau de Change (BDC) | 1,465 |
Analysts told Ejes Gist News that the naira may remain under pressure in the short term due to persistent foreign exchange shortages and a strong dollar globally.
However, they noted that the Central Bank’s recent policies have helped stabilise the official rate within a narrow band.
it is important to note that the dollar to naira exchange rates are not stable. What it means is that you can change your U.S. dollar to naira in the morning for 1,420 and can change it to 14,500 to the dollar in the afternoon.
