Dollar Crashes Or Rises? See Naira Exchange Rate Today – July 19, 2026

According to Ireporter Online, the Nigerian naira continued to trade at different rates against the United States dollar in the parallel foreign exchange market on Saturday, July 18, 2026, with Bureau De Change (BDC) operators in Lagos selling one dollar for ₦1,425 and buying at ₦1,412.

The latest figures indicate that individuals seeking to exchange dollars in the black market, commonly referred to as the Aboki FX market, would purchase the US currency at the prevailing selling rate of ₦1,425, while those selling dollars would receive ₦1,412.

Meanwhile, the Central Bank of Nigeria (CBN) has maintained its stance against transactions in the parallel market, reiterating that it does not recognize the black market as an official foreign exchange platform. The apex bank has consistently advised Nigerians and businesses seeking foreign exchange services to conduct such transactions through authorized commercial banks and approved financial institutions.

At the official foreign exchange market, the CBN recorded the dollar trading within a range of ₦1,378 to ₦1,382. The highest official exchange rate stood at ₦1,382, while the lowest rate was ₦1,378.

Market observers also noted that exchange rates in both the official and parallel markets are subject to fluctuations depending on demand, supply, location and individual dealers, meaning the actual rates offered during transactions may differ from the quoted figures.