The Nigerian naira opened trading on Tuesday, September 15, 2026, at approximately ₦1,326.30 per dollar on the official Nigerian Foreign Exchange Market (NFEM), while the dollar was exchanged for between ₦1,385 and ₦1,410 in the parallel market.
The latest official data from the Central Bank of Nigeria (CBN) showed that the NFEM rate closed at ₦1,326.3014/$ on Monday, September 14. The official rate is calculated using the volume-weighted average of transactions conducted in the market.
In the parallel market, current market trackers put the dollar at around ₦1,385 on the buying side and ₦1,410 on the selling side on Tuesday. However, rates may differ depending on the dealer, location and size of the transaction.
At ₦1,410, the parallel-market selling rate is about ₦83.70 higher than the latest official NFEM rate of ₦1,326.30.
At that rate, anyone purchasing $100 in the parallel market would require approximately ₦141,000, while $1,000 would cost about ₦1.41 million.
The naira has remained relatively stable at the official window in recent trading sessions, with the CBN’s latest figures putting the currency at ₦1,326.30/$ on September 14.
However, the difference between the official and parallel-market rates continues to reflect variations in dollar supply, demand and access across the two segments of the foreign exchange market.
Exchange rates may change throughout the day as market conditions, dollar liquidity and demand shift.
As of September 15, the latest available figures therefore place the dollar at approximately ₦1,326.30/$ at NFEM and between ₦1,385 and ₦1,410/$ in the parallel market.