The US dollar traded at approximately ₦1,331.45 against the Nigerian naira at the official reference rate on Thursday, October 22, 2026.
The rate represents the naira equivalent of one US dollar at the official reference level. However, the actual exchange rate available to individuals and businesses may vary depending on the transaction, financial institution and applicable market conditions.
In the parallel market, popularly known as the black market, the latest available figures from Wednesday, October 21, showed the dollar trading at approximately ₦1,370 for buying and ₦1,375 for selling.
These parallel-market figures have not been confirmed as live quotations for Thursday, October 22. Actual rates may vary across locations and currency dealers.
The difference between the official and parallel-market rates reflects variations across Nigeria’s foreign exchange channels. Individuals and businesses seeking to exchange dollars are advised to confirm prevailing rates with authorised financial institutions or reputable currency dealers before completing transactions.
