The Nigerian naira opened Tuesday, September 15, 2026, at about ₦1,326.30 per dollar at the official Nigerian Foreign Exchange Market (NFEM), while the US dollar was quoted between ₦1,385 and ₦1,410 in the parallel market.
The latest official figure published by the Central Bank of Nigeria (CBN) showed that the NFEM exchange rate stood at ₦1,326.3014/$ on Monday, September 14. The official rate is based on the volume-weighted average of transactions conducted in the market.
In the parallel market, current market trackers put the dollar at approximately ₦1,385 on the buying side and ₦1,410 on the selling side on Tuesday. Rates may vary depending on the dealer, location and transaction size.
At the parallel-market selling rate of ₦1,410/$, the dollar is trading about ₦83.70 above the latest official NFEM rate of ₦1,326.30/$.
At that rate, Nigerians buying $100 would need about ₦141,000, while purchasing $1,000 would cost approximately ₦1.41 million.
The naira has remained relatively stable at the official window in recent trading sessions, with the CBN’s latest data putting the currency at ₦1,326.30/$ as of September 14.
Meanwhile, the continued gap between the official and parallel markets reflects differences in dollar supply, demand and access across the two segments of Nigeria’s foreign exchange market.
Exchange rates can change throughout the day as dollar liquidity, market demand and other market conditions fluctuate.
As of September 15, the latest available rates therefore put the dollar at approximately ₦1,326.30/$ at the NFEM and between ₦1,385 and ₦1,410/$ in the parallel market.
