Dollar To Naira Exchange Rate For Today 12 July 2026

Gatekeepers News has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

What Is The Official Exchange Rate For Dollar To Naira Today?

The exchange rate between the Naira and the US dollar, according to the data released by the Central Bank of Nigeria (CBN), the official forex trading portal, showed that the naira traded for ₦1,379.62 per dollar on Friday , July 10th 2026, from ₦1,378.43 per dollar on Thursday , July 9th 2026.

However, the Naira is trading as high as ₦1,390 per Dollar at the black market, even though the Central Bank of Nigeria (CBN) announced the unification of all segments of the foreign exchange markek.

“Proscription of trading limits on oversold FX positions with permission to hedge short positions with OTC futures. Limits on overbought positions shall be zero.

“Re-introduction of order-based two-way quotes, with bid-ask spread of N1. All transactions shall be cleared by a Central Counterparty (CCP).

“Reintroduction of Order Book to ensure transparency of orders and seamless execution of trades.

“The operational hours of trades shall be from 9 a.m to 4 p.m, Nigeria time.”

The apex noted that further guidance on the operational changes would be communicated to authorised dealers and the general public in due course.

The changes to operations in the country’s FX market imply that Nigeria has eased its control of the naira, allowing the local currency to float freely.

Meanwhile, a free-floating exchange rate occurs when a government allows the exchange rate to be determined purely by market forces, and there is no attempt to ask the central bank to influence the external value of the exchange rate.

Disclaimer: Gatekeepers News does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.