Naira depreciates against the dollar in the official foreign exchange market

Must Read

…Black market (buying and selling rates): N1,427—N1,435

The Nigerian naira depreciated against the United States (US) dollar, trading at N1,379.6201 at the official foreign exchange (FX) window of the Central Bank of Nigeria (CBN) on Friday, July 10, 2026.

…Black market (buying and selling rates): N1,427—N1,435READ ALSO: Naira strengthens and trades at 1,378 naira/$ in the official foreign exchange market

He data shared on the official platform of the CBN shows that the naira was quoted at the Nigerian Foreign Exchange Market (NFEM) exchange rate of 1,379.6201 naira to the dollar and closed at 1,381.7000 naira to the dollar.

The currency, which was trading at an NFEM rate of N1,378.4313 on Thursday, July 9, 2026, has depreciated slightly by at least N1.19 after trading activities on Friday.

READ ALSO: Naira strengthens and trades at 1,378 naira/$ in the official foreign exchange market

In the parallel market, the buying rate appreciated by N2, while the selling rate did not change compared to the previous trading rate on Thursday, July 9, 2026.

According Aboki FX The naira to dollar exchange rate on the black market on Friday, July 10, 2026 was 1,427 naira to the dollar for the buying rate and 1,435 naira to the dollar for the selling rate.

WATCH THE BEST VIDEOS FROM NIGERIAN TRIBUNE TV

Latest News

Honda Capital’s financial platform helps Honda Group deepen its brand influence in the Nigerian automotive and motorcycle market.

  Synergy Between Digital Financial Services and Industry Drives Long-Term Growth Honda Capital Financial Platform (HCFP) is an emerging financial platform...

More Articles Like This