The dollar-to-naira exchange rate opened the new trading week on Monday, October 19, 2026, at approximately ₦1,333.54 per dollar on the official Nigerian Foreign Exchange Market (NFEM), according to available exchange-rate data.
The parallel market rate remains higher, with Bureau De Change operators selling dollars at varying rates depending on their location and dealer.
According to the latest available figures for Monday, October 19, the exchange rates are as follows:
- Official NFEM rate: approximately ₦1,333.54 per dollar.
- Parallel market buying rate: approximately ₦1,375 per dollar.
- Parallel market selling rate: approximately ₦1,390 per dollar.
The parallel market rates are indicative and may vary depending on the dealer, location and size of the transaction.
Naira outlook
The naira ended the previous trading week relatively stable in the official market, with the exchange rate closing at approximately ₦1,332.26 per dollar on Friday, October 16. In the parallel market, the dollar sold for about ₦1,370, according to market reports.
The difference between the official rate of ₦1,333.54 and the parallel market selling rate of ₦1,390 stands at approximately ₦56.46 per dollar.
Foreign exchange rates may fluctuate throughout the day as demand and supply conditions change. Individuals and businesses are advised to confirm prevailing rates with their banks or licensed foreign exchange dealers before carrying out transactions.