The naira opened Thursday, September 10, 2026, on a firmer note in the Nigerian Foreign Exchange Market (NFEM), even as the currency continued to trade at a weaker level in the parallel market.
Available market data put the official exchange rate at about ₦1,322.72 per US dollar. The rate was recorded at ₦1,322.72 on September 9, with the same level listed for September 10.
In the parallel market, the dollar was quoted at between ₦1,380 and ₦1,390, depending on the direction of the transaction. One market tracker reported a buying rate of ₦1,380 and a selling rate of ₦1,390 early Thursday.
Another parallel-market tracker also quoted the dollar at around ₦1,390 on September 10, although rates may vary by location and dealer.
At ₦1,390 per dollar, the parallel-market selling rate was ₦67.28 higher than the official NFEM rate of ₦1,322.72, highlighting the continued gap between the two markets.
The naira has shown relative strength in the official market in recent trading. Reports citing Central Bank of Nigeria data said the currency traded at around ₦1,320 per dollar on September 8, following further gains at the official window.
As of Thursday morning, the parallel-market rate remained above the official rate, underscoring the persistent divergence between regulated foreign-exchange transactions and informal market pricing.
Exchange rates can fluctuate throughout the day in response to dollar supply and demand, trading activity and interventions by the Central Bank of Nigeria. Parallel-market quotations should therefore be regarded as indicative rather than fixed transaction rates.
For Nigerians seeking dollars for travel, school fees, imports, business transactions or other legitimate foreign-exchange needs, the actual rate offered by a bank or licensed Bureau de Change may differ from both the NFEM rate and the parallel-market quotation.
