The US dollar traded at approximately ₦1,332.49 at the Nigerian Foreign Exchange Market (NFEM), while the parallel market quoted the currency at about ₦1,370 for buying and ₦1,380 for selling, based on the latest available figures as of Monday, October 12, 2026.
Data published by the Central Bank of Nigeria (CBN) showed that the NFEM closing exchange rate stood at ₦1,332.49 per dollar on Friday, October 9, the latest completed official trading session available in the data reviewed.
Meanwhile, the parallel market maintained a higher exchange rate, with the dollar quoted at approximately ₦1,370 for buying and ₦1,380 for selling in the latest reported figures from Saturday, October 10. These rates may vary depending on the location, dealer and transaction method.
The naira’s performance in both markets remains important to Nigerians paying international tuition fees, funding travel, importing goods and making other dollar-denominated payments.
As Monday’s official trading session progresses, the NFEM rate may change. Readers should confirm the latest available quotations with their banks or authorised currency dealers before conducting transactions.
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