The Nigerian naira is trading at different rates against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Wednesday, September 23, 2026.
The latest available figures show that the naira strengthened to N1,327.78 per dollar at the NFEM on Tuesday, compared with N1,329.80 recorded on Monday.
The latest movement represents a N2.02 appreciation in the value of the naira against the dollar on a day-to-day basis.
At the parallel market, the dollar was quoted at about N1,389 on Tuesday, compared with N1,390 the previous day.
This puts the difference between the official NFEM rate and the parallel-market selling rate at approximately N61.22 per dollar.
At a rate of N1,389 to the dollar, customers purchasing $100 would need about N138,900, while $1,000 would cost approximately N1.389 million.
The rate available to individuals and businesses may vary depending on the dealer, location, transaction size and prevailing market conditions.
The naira’s recent performance comes amid developments in Nigeria’s foreign exchange market, including changes in dollar liquidity and monetary policy.
The Central Bank of Nigeria continues to monitor conditions in the foreign exchange market as the naira trades around the N1,300-per-dollar level at the official market. Reuters also reported in September that the naira had remained relatively stable, supported by central bank dollar sales and subdued import demand.
For Wednesday, September 23, the latest confirmed figures put the dollar at N1,327.78 at the NFEM and around N1,389 in the parallel market.
The rates may change during the day as demand and supply conditions shift across both markets.