The exchange rate between the US dollar and the Nigerian naira stood at approximately ₦1,332 per dollar in the official foreign exchange market on Sunday, October 18, 2026.
Available exchange-rate data put the dollar at about ₦1,332.58, reflecting the latest available official-market figures.
In the parallel market, also known as the black market, the dollar was reportedly exchanged at rates ranging from ₦1,365 to ₦1,380, depending on the location and dealer.
The difference between the official and parallel-market rates means that the amount buyers pay for dollars may vary depending on where they obtain the currency and the terms of the transaction.
The official-market rate is based on the latest available data, as Sunday is not a regular trading day for Nigeria’s foreign exchange market.
Meanwhile, parallel-market rates are indicative and may change depending on demand, supply and individual dealers.
Individuals and businesses seeking to exchange dollars for naira are advised to confirm the prevailing rates with authorised foreign exchange dealers before carrying out transactions.
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