The naira is trading against the dollar at different levels across Nigeria’s official and parallel foreign exchange markets, with the latest available figures showing a gap between the two.
The latest available figures put the official rate at about N1,323.21 per dollar, while the parallel market is quoting around N1,400 to buy and N1,410 to sell. The official figure is a live exchange-rate reading, while the parallel-market figures are the latest available dealer quotes.
Official market rate
The Nigerian Foreign Exchange Market (NFEM) rate is derived from the volume-weighted average of transactions in the official market. The Central Bank of Nigeria’s published data showed an NFEM rate of N1,326.6862 per dollar for September 2, 2026, while the latest live reading available for September 4 stood at N1,323.21.
This means the naira was trading at approximately N1,323.21 to the dollar on the latest live reading, although the rate may change as new transactions are recorded.
