Naira Exchange Rates Today, Monday, July 26, 2021

Naira Exchange Rates Today, Monday, July 26, 2021

Economic uncertainty in Africa’s largest economy Nigeria continues to weigh on the Nigerian Naira despite numerous efforts by the Central Bank of Nigeria to prop up the Naira value against global counterparts. The Nigerian Naira opened the week at N504 to a United States Dollar at the parallel market popularly known as the black market.

While against the British Pound and European single currency, it traded at N705 and N595, respectively.

At the Central Bank of Nigeria’s regulated forex segment, the NAFEX, Naira stood at N411.50 to a United States Dollar but was quoted by the Central Bank of Nigeria at N410.14 to the United States Dollar.


The inability of the Central Bank of Nigeria to service the economy with enough forex liquidity has impeded economic activities, escalated inflation rate to 17.75 percent in the month of June and drove the unemployment rate to 33.33 percent despite oil price hitting $75 per barrel before moderating to $70 last week.


The oil-dependent nation’s foreign reserves remained lackluster at $33.171 billion, largely due to OPEC+ plus production cuts agreement and other internal issues. The dwindling foreign reserves has hindered central bank’s intermittent forex intervention aimed at supporting the Naira value and stimulating productivity across the economy.


Naira traded at N500, N705 and 595 to the United States Dollar, the British Pound and the Euro at the Bureau de Change forex section. See other Naira Exchange rates in the tables below.


Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates


Date USD GBP EURO YUAN Canadian Australian

NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL

26/07/2021 500/504* 698/705* 588/595* 62/69 407/415 300/320

23/07/2021 500/504 698/705 588/595 62/69 407/415 300/320

22/07/2021 498/503 695/703 585/590 62/69 407/415 300/320

19/07/2021 495/503 698/705 585/592 62/69 407/415 300/320

16/07/2021 502/506 700/708 590/596 62/69 407/415 300/315

15/07/2021 500/505 700/708 590/596 62/69 407/415 300/320

14/07/2021 500/505 702/708 590/595 62/68 407/415 300/320

13/07/2021 500/505 702/708 590/595 62/68 407/415 300/320

12/07/2021 500/505 700/708 590/595 62/69 407/415 300/320

09/07/2021 500/505 700/708 588/593 62/69 407/417 300/320

08/07/2021 499/503 700/708 588/593 62/69 407/417 300/325

07/07/2021 499/503 700/710 588/593 62/69 407/417 300/325

06/07/2021 499/503 698/710 590/595 62/69 407/417 300/325

Bureau De Change Naira Rates

Date USD GBP EURO

NGN BUY/SELL BUY/SELL BUY/SELL

26/07/2021 490/500 694/705 580/595

23/07/2021 490/500 694/705 580/595

22/07/2021 490/500 690/705 580/595

19/07/2021 490/500 690/707 580/595

16/07/2021 490/500 700/710 585/600

15/07/2021 490/500 698/710 585/600

14/07/2021 490/500 698/710 590/595

13/07/2021 490/500 697/710 585/600

12/07/2021 490/500 698/710 585/600

09/07/2021 490/500 698/710 585/600

08/07/2021 490/500 697/710 585/600

07/07/2021 490/500 697/710 585/600

06/07/2021 490/500 697/710 585/600

05/07/2021 490/500 700/714 585/600

Central Bank of Nigeria’s Official Naira Rates

Date Currency Buying(NGN) Central(NGN) Selling(NGN)

7/22/2021 US DOLLAR 409.14 409.64 410.14

7/22/2021 POUNDS STERLING 563.1812 563.8695 564.5577

7/22/2021 EURO 481.8851 482.474 483.0629

7/22/2021 SWISS FRANC 444.7657 445.3093 445.8528

7/22/2021 YEN 3.7114 3.7159 3.7204

7/22/2021 CFA 0.7151 0.7251 0.7

7/22/2021 WAUA 580.1991 580.9082 581.6172

7/22/2021 YUAN/RENMINBI 63.2522 63.3299 63.4077

7/22/2021 RIYAL 109.0778 109.2111 109.3444

7/22/2021 DANISH KRONA 64.7732 64.8524 64.9315