Daily Market Update: Exchange Rates And Commodity Prices For July 31 2026

Daily Market Update: Exchange Rates And Commodity Prices For July 31 2026 Daily Market Update: Exchange Rates And Commodity Prices For July 31 2026
Find below the latest exchange rates and selected commodity prices in Nigeria for today, Friday, July 31, 2026.

Gatekeepers News has compiled the latest official foreign exchange rates from the Central Bank of Nigeria (CBN), alongside parallel market exchange rates and selected global commodity prices to keep readers informed about developments in the financial markets.

Official CBN Exchange Rates

CurrencyBuy (₦)Sell (₦)
EURO1571.81611572.9670
US DOLLAR1365.72781366.7278
POUNDS STERLING1832.94331834.2854
YUAN/RENMINBI202.1773202.3253
YEN8.51138.5176

Note: The naira traded at ₦1,366.72 per US dollar on Thursday, July 30, 2026, compared with ₦1,366.71 per dollar on Wednesday, July 29, 2026. Meanwhile, the currency was quoted as high as ₦1,419 per dollar in the parallel (black) market.

Parallel Market (Black Market) Exchange Rates

CurrencyBuy (₦)Sell (₦)
USD1,408.51,419.5
EURO1,5711,610
POUNDS STERLING1,8811,920
YUAN/RENMINBI208.8

Source: Parallel market rates obtained from market participants and reputable market data providers. Rates are indicative and may vary by location and dealer.

Beyond the foreign exchange market, global commodity prices recorded the following levels during the latest trading session:

Commodity Prices

CommodityPriceDaily Change
Gold4,102.40+0.06%
Brent Crude Oil89.64+0.69%

According to Reuters market data, Brent crude oil futures traded at $89.64 per barrel, up 0.69% during the latest trading session. Gold futures were priced at $4,102.40 per ounce, up 0.06%.

Disclaimer: Gatekeepers News does not determine exchange rates or commodity prices. Official exchange rates are sourced from the Central Bank of Nigeria (CBN), while parallel market rates are obtained from market participants and other reputable market data providers. Commodity prices are based on Reuters market data. Exchange rates and commodity prices may differ across markets and change without notice.