The Nigerian Naira maintained relative stability across both the official and informal foreign exchange windows on Friday, September 25, 2026, as balanced supply and demand dynamics continue to anchor market performance.
At the official Nigerian Foreign Exchange Market (NFEM), live intra-day trading opened around N1,326.00 per US Dollar, fluctuating slightly between N1,325.82 and N1,327.00 before hovering near N1,326.06. This follows the previous session’s official closing rate of N1,328.00/$1, reflecting steady foreign exchange liquidity supported by robust foreign reserves.
In the parallel (black) market, street traders across major commercial hubs like Lagos and Abuja reported buying dollars at around N1,370/$1 and selling between N1,374/$1 and N1,380/$1. The current gap between the official NFEM rate and the parallel market stands at approximately N46 to N54 per dollar, demonstrating a sustained alignment between the two windows.
Under current rates, an individual converting $100 in the parallel market requires approximately N137,400, while $1,000 trades for roughly N1,374,000. In the official market, $1,000 converts to about N1,326,060.
Financial analysts attribute the current exchange rate stability to recent policy measures by the Central Bank of Nigeria (CBN) alongside steady growth in national external buffers. Market operators expect trading activities to close the week on a stable note as supply levels remain sufficient to clear immediate import demand.
