The Nigerian naira is trading at different levels against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Thursday, September 17, 2026.
The latest available market data puts the dollar at about ₦1,330.31 at the official market as of Thursday morning. The rate represents the latest available indication for the NFEM, where the exchange rate is determined by market transactions.
The Central Bank of Nigeria (CBN) describes the NFEM rate as a volume-weighted average and the official exchange rate for the day.
In the parallel market, the dollar is trading at about ₦1,380 for buying and ₦1,385 for selling, based on the latest available rates from the previous trading session.
On Wednesday, the naira was reported at ₦1,329.86 per dollar at the NFEM, compared with ₦1,329.15 on Tuesday, representing a marginal depreciation of 71 kobo. The parallel-market rate stood at about ₦1,385 per dollar.
The latest figures indicate that the gap between the official and parallel-market selling rates remains relatively narrow compared with periods of wider divergence earlier in the year.
For Nigerians buying dollars in the parallel market, the prevailing selling rate of about ₦1,385 means $100 would cost approximately ₦138,500, while $1,000 would cost about ₦1.385 million.
Those selling dollars to parallel-market dealers at around ₦1,380 would receive approximately ₦138,000 for $100 and ₦1.38 million for $1,000.
Exchange rates in the parallel market can vary depending on the location, dealer, transaction size and prevailing demand and supply conditions. The rates can also change during the day.
Recent market movements have been influenced by dollar liquidity, demand from importers and other businesses, foreign exchange inflows and developments in Nigeria’s external reserves.
The naira’s performance in the official market also remains closely watched by businesses and individuals who require foreign exchange for international payments, imports, travel, tuition and other dollar-denominated obligations.
As of Thursday, September 17, 2026, the latest indication therefore puts the dollar at about ₦1,330.31 in the official market, while the parallel market is around ₦1,380 buying and ₦1,385 selling.
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