The Nigerian naira is trading at different levels against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Thursday, September 17, 2026.
The latest available market data puts the dollar at about ₦1,330.31 at the official market as of Thursday morning. The rate represents the latest indication from the NFEM, where exchange rates are determined by market transactions.
The Central Bank of Nigeria (CBN) describes the NFEM rate as a volume-weighted average and the official exchange rate for the day.
In the parallel market, the dollar is trading at approximately ₦1,380 for buying and ₦1,385 for selling, based on the latest available rates from the previous trading session.
On Wednesday, the naira was quoted at ₦1,329.86 per dollar at the NFEM, compared with ₦1,329.15 on Tuesday. This represented a marginal depreciation of 71 kobo. In the parallel market, the dollar was reported at around ₦1,385.
The latest figures show that the gap between the official and parallel-market selling rates remains relatively narrow compared with periods of wider divergence earlier in the year.
At the prevailing parallel-market selling rate of about ₦1,385 per dollar, buying $100 would cost approximately ₦138,500, while $1,000 would cost about ₦1.385 million.
For those selling dollars to parallel-market dealers at around ₦1,380, $100 would yield approximately ₦138,000, while $1,000 would yield about ₦1.38 million.
Parallel-market exchange rates can vary depending on the location, dealer, transaction size, and prevailing demand and supply conditions. Rates may also fluctuate throughout the day.
Recent movements in the naira have been influenced by factors including dollar liquidity, demand from importers and businesses, foreign-exchange inflows, and developments in Nigeria’s external reserves.
The naira’s performance in the official market remains closely watched by businesses and individuals who require foreign exchange for international payments, imports, travel, tuition, and other dollar-denominated obligations.
As of Thursday, September 17, 2026, the latest available indication puts the dollar at approximately ₦1,330.31 in the official market, while the parallel market is around ₦1,380 for buying and ₦1,385 for selling.
