The Nigerian naira opened the new week at different rates against the United States dollar across the official foreign exchange market and the parallel market.
The latest available data from the Nigerian Foreign Exchange Market (NFEM) put the naira at about ₦1,331.20 per dollar, based on the most recent confirmed official-market rate from Friday, September 18. The figure was marginally stronger than the previous rate of ₦1,331.28 per dollar.
As of Monday morning, a live USD/NGN benchmark was around ₦1,330.65 to the dollar, indicating that the naira remained close to the ₦1,330 level in early trading.
In the parallel market, the dollar was quoted at about ₦1,395 on Monday, according to market reports. This puts the gap between the latest NFEM rate of ₦1,331.20 and the parallel-market rate at roughly ₦63.80 per dollar.
The parallel-market rate has remained above the official rate in recent sessions, although the size of the premium has fluctuated as dollar supply and demand conditions change.
Recent data also show that the naira has traded within a relatively narrow range in the official market.
Meanwhile, Nigeria’s external reserves stood at $54.61 billion as of September 14, according to CBN data cited by BusinessDay, representing an 18-year high and a 30.52 percent increase from the corresponding period of 2025.
For Nigerians buying or selling dollars, actual rates may differ depending on the bank, Bureau de Change operator, transaction size and location. Parallel-market quotations are also indicative and can change throughout the day.
As of September 21, 2026, the latest available rates are therefore around ₦1,331.20/$ in the NFEM and ₦1,395/$ in the parallel market, while the live USD/NGN benchmark is around ₦1,330.65/$.
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