The exchange rate of the United States dollar against the Nigerian naira stood at approximately ₦1,323.21 to $1 on Saturday, September 5, 2026.
The rate represents the latest market rate, with the naira trading at about ₦1,323.21 per US dollar.
Meanwhile, the dollar continues to trade at a higher rate in Nigeria’s parallel market.
As of Saturday, the dollar was reportedly bought at about ₦1,400 and sold at approximately ₦1,410, although rates may vary depending on the location and dealer.
For the official market rate, $100 is equivalent to about ₦132,321, while $500 is approximately ₦661,605.
The foreign exchange market remains subject to fluctuations based on demand and supply, economic developments and other factors affecting the naira.
The rates are therefore expected to change as trading activities continue.
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