The dollar-to-naira exchange rate opened the new trading week on Monday, September 28, 2026, with market participants closely monitoring developments in Nigeria’s official foreign exchange market and the parallel market.
In the official market, the latest indicative data puts the dollar exchange rate at approximately ₦1,327.16 per US dollar as of early trading on Monday. The parallel-market rate for September 28 had yet to be independently confirmed at the time of reporting.
The Central Bank of Nigeria (CBN) determines the official NFEM rate using a volume-weighted average of transactions conducted in the market, with the final closing rate reflecting trading activity during the day.
In the parallel market, the dollar was last quoted at around ₦1,385 on Friday, September 25, according to BusinessDay, which reported that the rate remained relatively stable during the week.
The parallel-market rate could move on Monday depending on dollar supply, demand and quotations from individual Bureau De Change (BDC) operators.
The naira ended the previous trading week broadly stable across both the official and parallel markets, amid improved external-reserve conditions.
As trading continues on Monday, the official NFEM closing rate and parallel-market quotations could change in response to market activity. Updated rates are expected to provide a clearer picture of the naira’s performance at the close of the trading session.
