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Dollar to Naira Exchange Rate Today — CBN Official Rate
The official exchange rate of the US dollar to the Nigerian naira today is ₦1,379.68 (central rate), as published by the Central Bank of Nigeria for 17 July 2026. The CBN's buying rate is ₦1,379.18 and the selling rate is ₦1,380.18. That is 0.10% lower than the previous trading day (₦1,381.03); over the past month the official rate has moved +1.48%. A rising rate means a weaker naira — see how the naira stacks up against world markets on our NGX index comparison tool.
CBN Exchange Rates Today
| Currency | Buying (₦) | Central (₦) | Selling (₦) | Day change |
|---|---|---|---|---|
| USD · US DOLLAR | 1,379.18 | 1,379.68 | 1,380.18 | -0.10% |
| GBP · POUNDS STERLING | 1,853.07 | 1,853.74 | 1,854.42 | -0.63% |
| EUR · EURO | 1,575.86 | 1,576.43 | 1,577.00 | -0.36% |
| CNY · YUAN/RENMINBI | 203.43 | 203.50 | 203.57 | -0.23% |
| CHF · SWISS FRANC | 1,706.70 | 1,707.32 | 1,707.94 | -0.12% |
| JPY · YEN | 8.49 | 8.49 | 8.50 | -0.23% |
| SAR · RIYAL | 367.21 | 367.35 | 367.48 | -0.11% |
| AED · UAE DIRHAM | 375.47 | 375.61 | 375.74 | -0.11% |
| ZAR · SOUTH AFRICAN RAND | 83.23 | 83.26 | 83.29 | -0.94% |
| XOF · CFA | 2.38 | 2.39 | 2.40 | -0.03% |
| DKK · DANISH KRONA | 210.79 | 210.86 | 210.94 | -0.36% |
| SDR · SDR | 1,874.17 | 1,874.85 | 1,875.53 | -0.25% |
| WAUA · WAUA | 1,872.96 | 1,873.64 | 1,874.32 | -0.12% |
US Dollar to Naira — Last 30 Trading Days
| Date | Central rate (₦) | Change |
|---|---|---|
| 17 Jul 2026 | 1,379.68 | -0.10% |
| 16 Jul 2026 | 1,381.03 | -0.05% |
| 15 Jul 2026 | 1,381.68 | -0.06% |
| 14 Jul 2026 | 1,382.58 | +0.25% |
| 13 Jul 2026 | 1,379.15 | +0.00% |
| 10 Jul 2026 | 1,379.12 | +0.09% |
| 9 Jul 2026 | 1,377.93 | -0.05% |
| 8 Jul 2026 | 1,378.57 | +0.24% |
| 7 Jul 2026 | 1,375.25 | +0.55% |
| 6 Jul 2026 | 1,367.77 | -0.14% |
| 3 Jul 2026 | 1,369.69 | +0.00% |
| 2 Jul 2026 | 1,369.65 | -0.16% |
| 1 Jul 2026 | 1,371.91 | -0.53% |
| 30 Jun 2026 | 1,379.18 | -0.29% |
| 29 Jun 2026 | 1,383.13 | +0.20% |
| 26 Jun 2026 | 1,380.43 | +0.06% |
| 25 Jun 2026 | 1,379.61 | +0.00% |
| 24 Jun 2026 | 1,379.58 | +0.69% |
| 23 Jun 2026 | 1,370.14 | +0.11% |
| 22 Jun 2026 | 1,368.61 | -0.10% |
| 19 Jun 2026 | 1,369.96 | +0.52% |
| 18 Jun 2026 | 1,362.80 | +0.24% |
| 17 Jun 2026 | 1,359.57 | +0.21% |
| 16 Jun 2026 | 1,356.68 | +0.07% |
| 15 Jun 2026 | 1,355.77 | -0.55% |
| 11 Jun 2026 | 1,363.33 | +0.13% |
| 10 Jun 2026 | 1,361.55 | +0.11% |
| 9 Jun 2026 | 1,360.05 | -0.17% |
| 8 Jun 2026 | 1,362.34 | +0.05% |
| 5 Jun 2026 | 1,361.71 | +0.26% |
Key CBN Monetary Indicators
| Indicator (May 2026) | Rate |
|---|---|
| Monetary Policy Rate (MPR) | 26.50% |
| Treasury Bill Rate | 15.95% |
| Savings Deposit Rate | 7.24% |
| 1-Month Deposit Rate | 12.61% |
| Prime Lending Rate | 19.10% |
| Maximum Lending Rate | 34.78% |
The Monetary Policy Rate is 26.50% — the benchmark interest rate every other naira rate keys off. With savings accounts paying about 7.24% while headline inflation runs at 15.91%, cash in a savings account is losing real value — the gap is why investors move into T-bills yielding more and dividend stocks.
Nigeria's Inflation Trend
| Month | Headline (YoY) | Food (YoY) |
|---|---|---|
| June 2026 | 15.91% | 17.52% |
| May 2026 | 15.93% | 16.96% |
| April 2026 | 15.69% | 16.06% |
| March 2026 | 15.38% | 14.31% |
| February 2026 | 15.06% | 12.12% |
| January 2026 | 15.10% | 8.89% |
| December 2025 | 15.15% | 10.84% |
| November 2025 | 17.33% | 14.21% |
| October 2025 | 18.97% | 16.30% |
| September 2025 | 20.98% | 20.16% |
| August 2025 | 23.14% | 25.30% |
| July 2025 | 24.94% | 26.20% |
| June 2025 | 26.06% | 24.55% |
Official Rate vs Parallel ("Black Market") Rate
The rates on this page are the official rates from the Central Bank of Nigeria's foreign exchange market (NFEM) — the rates used by banks, for government transactions, and for most legitimate international payments. The street or parallel market often quotes different prices; that spread widens when dollar supply is tight and narrows when the official market is well supplied. Since the FX reforms unified Nigeria's exchange windows, the official rate has become the reference that matters for planning, budgeting and investment analysis — and it's the only rate with a verifiable daily source.
Foreign reserves ($51.92B gross) are the CBN's ammunition for defending the naira; crude oil sales ($84.50/barrel) are where most of those dollars come from. Watch the two together — sustained reserve growth alongside firm oil prices historically supports a stable or stronger naira.
FAQ
What is the CBN exchange rate for the dollar today?
The CBN official central rate is ₦1,379.68 per US dollar (17 July 2026), with a buying rate of ₦1,379.18 and a selling rate of ₦1,380.18.
How often are these rates updated?
The CBN publishes official rates every trading day. This page refreshes from the CBN three times daily during the working week.
Why is the bank rate different from what I see here?
Commercial banks and fintech apps add a margin over the official rate for card transactions and transfers. Treat the CBN central rate as the baseline and expect retail rates to sit above it.
What moves the naira exchange rate?
Dollar supply (mostly oil receipts and inflows into Nigerian markets), dollar demand (imports, tuition, medical, travel), CBN policy — including the 26.50% MPR — and the level of external reserves ($51.92B).
Money already in naira? See where investors are putting it: Treasury bills paying 15.95%+ · Top NGX stocks for 2026 · dividend calendar