Naira Trades At N1,329.80, N1,389 To Dollar At Official

The naira to dollar exchange rate today, Tuesday, September 22, 2026, stands at ₦1,329.80 per dollar in the official market, while the dollar is trading at about ₦1,389 in the parallel market.

The latest official figure is based on the most recent closing rate recorded by the Nigerian Foreign Exchange Market (NFEM) on Monday, September 21, according to data from the Central Bank of Nigeria (CBN).

The latest figure represents a slight improvement in the value of the naira compared with the previous NFEM closing rate of ₦1,331.20/$1.

The naira therefore gained about ₦1.40 against the dollar between the two official-market sessions.

In the parallel market, the dollar continued to trade above the official rate, with market indications putting the buying rate at around ₦1,381/$1 and the selling rate at approximately ₦1,389/$1.

Based on the reported selling rate, $100 would cost about ₦138,900, while $500 would amount to approximately ₦694,500.

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For those buying $1,000, the equivalent would be about ₦1.389 million at the ₦1,389/$1 parallel-market selling rate.

On the other hand, anyone selling dollars at the reported buying rate of ₦1,381/$1 would receive approximately ₦138,100 for $100 and ₦1.381 million for $1,000.

The difference between the official NFEM rate and the parallel-market selling rate is currently about ₦59.20 per dollar.

For a $1,000 transaction, this represents a difference of about ₦59,200 when the parallel-market selling rate is compared with the official rate.

The gap reflects the different pricing conditions in Nigeria’s official and parallel foreign exchange markets.

However, the published rates should not be regarded as the exact amount every customer will receive or pay.

Commercial banks and Bureau de Change operators may quote different rates depending on the transaction size, location, dollar availability and prevailing market conditions.

The parallel-market rate can also change during the day as demand and supply conditions shift.

As of Tuesday, September 22, 2026, the latest available figures therefore put the official naira to dollar exchange rate at ₦1,329.80/$1, while the parallel-market rate stands at about ₦1,381/$1 for buying and ₦1,389/$1 for selling.

The naira to dollar exchange rate remains a key indicator for Nigerians dealing with international payments, imports, travel expenses, school fees and other dollar-denominated transactions.