The Nigerian naira traded at ₦1,358.63 to one U.S. dollar at the official foreign exchange market on Thursday, July 30, 2026, reflecting continued stability in the country's exchange rate.
Market data showed the naira trading within a narrow range during the session, as ongoing monetary policy measures and improved foreign exchange liquidity helped support the local currency.
The relatively stable exchange rate comes amid sustained efforts by the Central Bank of Nigeria (CBN) to strengthen the foreign exchange market and narrow the gap between the official and parallel market rates.
Analysts say exchange rate stability remains important for controlling inflation, boosting investor confidence and supporting businesses that rely on foreign exchange for imports and international transactions.
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