The naira is trading at about ₦1,329.44 to the US dollar at the Nigerian Foreign Exchange Market (NFEM), while the dollar is quoted at around ₦1,390 in the parallel market on Friday, September 11, 2026.
The latest available Central Bank of Nigeria (CBN) NFEM data put the official exchange rate at ₦1,329.44 per dollar, reflecting the most recent published market data.
In the parallel market, the dollar is being bought at around ₦1,380 and sold for approximately ₦1,390, although rates vary depending on the dealer, location and transaction volume.
At the parallel-market selling rate of ₦1,390/$1, the dollar is about ₦60.56 higher than the latest official NFEM rate, representing a premium of roughly 4.6 per cent.
This means a person buying $100 in the parallel market would need about ₦139,000, while the same amount would be valued at approximately ₦132,944 at the latest official NFEM rate.
Recent trading has shown the naira maintaining a stronger position at the official window, although the parallel market continues to trade above the NFEM rate. Market trackers reported parallel-market dollar quotations of about ₦1,380 to ₦1,390 on Thursday.
The difference between the two markets means Nigerians seeking dollars for travel, school fees, imports, remittances and other legitimate transactions may encounter different rates depending on whether they use a bank, licensed Bureau de Change or the parallel market.
Exchange rates can change during the day in response to dollar supply and demand, market activity and other foreign-exchange developments. Parallel-market rates are therefore indicative and may differ from the rate ultimately offered by individual dealers.
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