The Nigerian naira recorded further movement against the United States dollar on Wednesday, September 30, 2026, with the local currency trading at different rates across the official and parallel foreign exchange markets.
In the official market, the dollar was quoted at around ₦1,329, while the parallel market recorded the dollar at approximately ₦1,370.
The figures show a gap of about ₦41 per dollar between the two markets.
Latest Dollar-to-Naira Rates
- Official/NFEM: ₦1,329/$
- Parallel market: ₦1,370/$
In the parallel market, the naira strengthened from about ₦1,375/$ to ₦1,370/$.
Meanwhile, the official indicative rate moved to approximately ₦1,329/$, compared with ₦1,328 previously.
How Much Is $100 in Naira?
Based on the reported rates:
- $100 at official rate: ₦132,900
- $100 at parallel-market rate: ₦137,000
- Difference: ₦4,100
The movement of the naira against the dollar remains significant for households and businesses, particularly those involved in imports, international payments, travel and other transactions requiring foreign currency.
However, actual buying and selling rates may vary among banks, Bureau de Change operators and other authorised foreign-exchange dealers.
Note: Exchange rates can change during the day. Nigerians are advised to confirm the prevailing rate with their bank or a licensed foreign-exchange dealer before conducting transactions.
