The Nigerian naira began the new week relatively stable against the United States dollar, although the official exchange rate remained below the parallel-market rate.
At the Nigerian Foreign Exchange Market (NFEM), the dollar was trading at about ₦1,326.84 on Monday, September 14, 2026, according to live exchange rate data.
In the parallel market, the dollar was quoted at approximately ₦1,380 for buying and ₦1,390 for selling. The selling rate was also around ₦1,390 at the end of the previous week.
The difference between the official NFEM rate and the parallel-market selling rate stood at about ₦63.16 per dollar.
At the prevailing parallel-market selling rate, $100 would cost approximately ₦139,000, while purchasing $1,000 would require about ₦1.39 million.
Meanwhile, anyone selling $100 at the parallel-market buying rate of ₦1,380 would receive approximately ₦138,000.
The naira’s recent stability comes amid improved dollar liquidity and ongoing efforts by the Central Bank of Nigeria to stabilise the foreign exchange market.
Recent trading at the NFEM has kept the official rate within the ₦1,320–₦1,330 range, while the parallel market has remained close to ₦1,390.
The two markets operate under different pricing mechanisms and liquidity conditions. While the official NFEM rate is determined by transactions in the regulated foreign exchange market, parallel-market rates are largely influenced by demand and supply among Bureau de Change operators and other informal dealers.
Going forward, the naira-dollar exchange rate could be affected by foreign exchange liquidity, crude oil earnings, external reserves, diaspora remittances, investor inflows and monetary policy decisions.
Market participants are expected to closely monitor NFEM trading during the week to determine whether the naira can maintain its recent stability against the dollar.