Dollar to Naira This Week: Rate Tracker and What Moved It (26 October 2026)
Last updated: 1 November 2026, with official closes for the full week of 26 October. This page is refreshed every week. Figures are drawn from press reports and CBN-linked data, and sources sometimes disagree by a few naira, so we show ranges. For the live daily rate and converter, use our dollar to naira exchange rate today page.
Dollar to naira this week (week of 26 October 2026)
- Official (NFEM): the naira closed at ₦1,365 on Monday 26 October, ₦1,357 on Tuesday and ₦1,349 on Wednesday 28 October, per Nairametrics, so it recovered part of the slide of 23 October (₦1,370 close). It then firmed to ₦1,346.91 on Thursday and closed the week at ₦1,346.00 on Friday 30 October (weighted ₦1,346.26), about ₦24 stronger than the 23 October low, per WithinNigeria.
- Parallel market: buying quotes of about ₦1,370 to ₦1,375 and selling quotes of about ₦1,385 to ₦1,390 across the week, little changed. Some BDC quotes were lower (₦1,379 to ₦1,382).
- Gap: about ₦36 to ₦41 (roughly 2.7% to 3%) between Wednesday’s official close and the ₦1,385 to ₦1,390 selling quotes, wider than the ₦10 to ₦25 of the previous week because the official rate strengthened while street quotes held.
- Week on week: stronger. Wednesday’s ₦1,349 compares with ₦1,370 on Friday 23 October, about ₦21 (1.5%) stronger, but still weaker than the ₦1,334.72 weighted average of 21 October.
- Thursday 29 and Friday 30 October: no official close was reported when this page was updated, so the table shows indicative figures only.
- Versus a year ago: the official rate is about ₦111 to ₦117 (roughly 7.6% to 8.0%) stronger than the ₦1,460 to ₦1,466 of 14 October 2025.
- Reserves: US$55.264 billion as of 27 October, per CBN data reported by Arbiterz, up from US$55.255 billion on 26 October and US$55.162 billion on 22 October.
Live rate:
| Amount | In naira |
|---|---|
| US$100 | ₦134,587 |
| US$500 | ₦672,935 |
| US$1,000 | ₦1,345,870 |
| US$5,000 | ₦6,729,350 |
| Date | Rate (₦ per US$1) |
|---|---|
| 3 Nov 2026 | 1,345.87 |
| 2 Nov 2026 | 1,348.45 |
| 1 Nov 2026 | 1,345.49 |
| 31 Oct 2026 | 1,345.47 |
| 30 Oct 2026 | 1,346.22 |
| 29 Oct 2026 | 1,346.24 |
| 28 Oct 2026 | 1,353.43 |
Indicative market rate from Rates By Exchange Rate API, refreshed automatically. It tracks the official market closely but can differ slightly from the CBN NFEM closing rate and from bank and street rates. Confirm the rate with your bank or provider before you transact.
This week’s rates, day by day
| Date | Official NFEM (₦ per US$) | Parallel market (₦ per US$) |
|---|---|---|
| Mon 26 Oct | 1,365 close (weighted average 1,367.61; intraday 1,359 to 1,380) | 1,370 to 1,375 buy, 1,385 to 1,390 sell |
| Tue 27 Oct | 1,357 close (weighted average 1,352.87; intraday 1,344 to 1,368.50) | 1,380 to 1,385 (Nairametrics); other reports 1,370 to 1,375 buy, 1,385 to 1,390 sell |
| Wed 28 Oct | 1,349 close (weighted average 1,347.53; intraday 1,342 to 1,363.50; turnover US$244.61 million) | 1,370 to 1,385 dealer quotes, up to 1,390 sell; BDC quote 1,382 |
| Thu 29 Oct | 1,346.91 (WithinNigeria; trackers gave 1,346 to 1,348) | about 1,375 buy, 1,385 sell (some sell quotes 1,390; BDC quote 1,379) |
| Fri 30 Oct | 1,346.00 close (weighted rate 1,346.26, per WithinNigeria) | about 1,376 buy, 1,382 to 1,389 sell (Aboki Forex 1,382 late on 31 Oct) |
The official figures are NFEM closes and CBN-linked reports. Parallel rates come from dealer quotes reported by Nigerian outlets and vary by city, dealer and whether you are buying or selling. Outlets gave different figures for some days (for example, WithinNigeria’s headlines for 27 and 28 October cited about ₦1,368, while Nairametrics reported closes of ₦1,357 and ₦1,349, and Arbiterz reported ₦1,349 for 28 October), so use these as a guide and confirm with your bank or dealer. The chart plots the official closes for Monday to Wednesday against the midpoint of the quoted parallel range (about ₦1,380); Thursday and Friday official closes are left blank because none was reported.
What moved the naira this week
1. A partial rebound after the 23 October slide
The official rate closed at ₦1,365 on Monday 26 October, ₦1,357 on Tuesday and ₦1,349 on Wednesday, according to Nairametrics. Tuesday’s ₦8 gain was described as the biggest daily rise since August, and Wednesday brought another ₦8 (0.59%). This followed the fall to ₦1,370 on Friday 23 October. Nairametrics did not name a definitive cause for either move, and WithinNigeria’s Monday report said no single announcement explained the earlier slide.
2. Month-end demand and thin turnover
WithinNigeria linked Monday’s weakness to higher dollar demand from importers, students abroad, travellers and businesses at month end, with thinner turnover at the official window. Nairametrics reported interbank turnover of about US$543.74 million on Tuesday and US$244.61 million on Wednesday. WithinNigeria’s Thursday report credited continued CBN liquidity support and autonomous inflows for keeping the currency steady, but that is the outlet’s reading, not a CBN statement.
3. A wider street premium again
Street quotes barely moved: BDC dealers quoted about ₦1,375 to buy and ₦1,385 to ₦1,390 to sell, while some single quotes were ₦1,379 to ₦1,382 (Arbiterz). With the official rate at ₦1,349 on Wednesday, that is a gap of about ₦36 to ₦41, up from roughly ₦10 to ₦25 a week earlier. Dealer quotes may lag the official market, so the gap could change.
4. Reserves and the policy backdrop
CBN data reported by Arbiterz put gross external reserves at US$55.264 billion on 27 October, up from US$55.255 billion on 26 October. Nairametrics noted that the rise in reserves does not by itself establish the cause of the naira’s gains. The Monetary Policy Committee cut its benchmark rate by 350 basis points to 23% on 22 September and meets next on 23 and 24 November, and headline inflation was 14.63% in September, per Nairametrics. WithinNigeria cited analyst Bismarck Rewane’s warning that a rate cut could pressure the naira.
Naira versus a year ago
The naira is still stronger than a year ago. On 14 October 2025 the official rate was about ₦1,460 to ₦1,466 and the parallel rate about ₦1,490 to ₦1,505, according to Channels Television as cited by press reports (we have kept this comparison from our earlier updates, as we did not find a newer same-date source). Now the official rate is ₦1,349 (Wednesday 28 October close) and the street selling rate is about ₦1,385 to ₦1,390. The NFEM opened 2026 at roughly ₦1,426.69 on 12 January, so the official rate is about 5.4% stronger since January, compared with about 4.3% a week ago. Inflation was 14.63% in September 2026 against 20.98% a year earlier, per WithinNigeria.
Quick conversions
| US dollars | At official ₦1,349 | At parallel selling ₦1,385 |
|---|---|---|
| US$100 | ₦134,900 | ₦138,500 |
| US$500 | ₦674,500 | ₦692,500 |
| US$1,000 | ₦1,349,000 | ₦1,385,000 |
| US$5,000 | ₦6,745,000 | ₦6,925,000 |
The official column uses Wednesday 28 October’s ₦1,349 close reported by Nairametrics, the latest close reported. The parallel column uses the ₦1,385 selling quote reported by several outlets this week. Banks, fintechs and dealers add spreads or fees, so your final amount may differ.
What to watch next week
- The official closes for Thursday 29 and Friday 30 October, and the first closes of the week of 2 November, to see whether the rebound toward ₦1,346 to ₦1,349 holds.
- Whether street quotes move toward the official rate or the gap stays near ₦36 to ₦41.
- The CBN’s published reserve and NFEM turnover figures, and whether month-end dollar demand eases.
- The October inflation report and the MPC meeting on 23 and 24 November.
Frequently asked questions
What is the dollar to naira rate this week?
The official NFEM close was ₦1,365 on 26 October, ₦1,357 on 27 October and ₦1,349 on 28 October 2026, with early reports of about ₦1,346 to ₦1,348 since. The parallel market was about ₦1,370 to ₦1,390, depending on the source and whether you buy or sell.
Why did the naira strengthen after 23 October?
Nairametrics reported gains of ₦8 on both 27 and 28 October but did not name a definitive cause. WithinNigeria credited CBN liquidity support and autonomous inflows. Check the CBN’s data for the official picture.
Why is the black market rate higher?
Demand for physical dollars for travel, school fees and imports outstrips what banks and authorised dealers supply, so street dealers charge a premium. This week the gap was about ₦36 to ₦41, wider than a week earlier.
Is the naira stronger than last year?
Yes. The official rate is about 7.6% to 8.0% stronger than the roughly ₦1,460 to ₦1,466 of 14 October 2025, and the street rate is lower than the roughly ₦1,500 of that month.
Which rate should I use for a bank transfer or card payment?
Your bank or provider sets its own rate, usually close to the official rate plus a spread. Ask for the rate before you pay.
How often is this page updated?
Weekly. Our daily rate page carries the latest figures.
Previous weeks
Week of 19 October 2026
| Date | Official NFEM (₦ per US$) | Parallel market (₦ per US$) |
|---|---|---|
| Mon 19 Oct | 1,333.76 (sources differ: 1,333.50 to 1,333.54) | 1,360 to 1,375 buy, about 1,390 sell |
| Tue 20 Oct | 1,334.99 close (weighted average 1,333.65) | 1,365 buy, 1,380 sell (one table: sell up to 1,390) |
| Wed 21 Oct | 1,334.72 (CBN data via Arbiterz; Nairametrics gave a 1,337 close) | 1,360 to 1,373 buy, 1,378 to 1,380 sell |
| Thu 22 Oct | 1,365 close (intraday 1,336 to 1,369; weighted average 1,344.40; one outlet cited about 1,339) | 1,360 to 1,375 buy, about 1,390 sell in one report |
| Fri 23 Oct | 1,370 close (Nairametrics and Arbiterz; weighted average 1,361.84; intraday 1,340 to 1,395) | 1,363 to 1,370 buy, about 1,385 sell (single BDC quotes 1,363 and 1,380) |
Week of 12 October 2026
| Date | Official NFEM (₦ per US$) | Parallel market (₦ per US$) |
|---|---|---|
| Mon 12 Oct | 1,332.99 | 1,365 to 1,370 buy, 1,373 to 1,380 sell |
| Tue 13 Oct | 1,335.50 (sources differ: one gave 1,332.99) | 1,365 to 1,370 buy, 1,373 to 1,377 sell |
| Wed 14 Oct | 1,333 (weighted average 1,332.59) | 1,363 to 1,375 buy, 1,375 to 1,390 sell (some trackers 1,370 / 1,375) |
| Thu 15 Oct | 1,331.61 to 1,332.75 (sources differ; intraday range 1,327 to 1,333.50) | 1,355 to 1,365 buy, 1,375 to 1,390 sell (one tracker: 1,362) |
| Fri 16 Oct | 1,332.26 (CBN central rate; session close 1,334.20; turnover US$837 million) | about 1,375 buy, 1,390 sell |
Week of 5 October 2026
| Date | Official NFEM (₦ per US$) | Parallel market (₦ per US$) |
|---|---|---|
| Tue 6 Oct | 1,331.50 to 1,332.90 | about 1,357 |
| Wed 7 Oct | 1,331.50 to 1,332.75 | about 1,362 |
| Thu 8 Oct | about 1,333.55 | 1,375 to 1,390 |
| Fri 9 Oct | 1,332.49 | 1,385 to 1,388 |
| Sat 10 Oct | 1,332.49 (Friday close) | about 1,370 buy, 1,380 sell |
This page is general information, not financial advice. Check rates with your bank or licensed dealer before you transact.
Sources: Nairametrics, 28 Oct close, 29 Oct 2026, Nairametrics, 27 Oct close, 28 Oct 2026, Arbiterz, 29 Oct 2026, Arbiterz, 26 Oct 2026, WithinNigeria, 26 Oct 2026, WithinNigeria, 27 Oct 2026, WithinNigeria, 28 Oct 2026, WithinNigeria, 29 Oct 2026, WithinNigeria, 30 Oct 2026, Vanguard, 26 Oct 2026, Opinion Nigeria, 29 Oct 2026.
Sources for earlier weeks: Nairametrics, 22 Oct close, 23 Oct 2026, Nairametrics, 20 Oct close, 21 Oct 2026, Economic Times Nigeria, 23 Oct 2026, Arbiterz, 20 Oct 2026, Arbiterz, 22 Oct 2026, Vanguard, 20 Oct 2026, Techeconomy, 21 Oct 2026, WithinNigeria, 20 Oct 2026, WithinNigeria, 22 Oct 2026, WithinNigeria, 23 Oct 2026, OsunDefender, 23 Oct 2026, Ghanamma (Vanguard relay), 19 Oct 2026, Ghanamma (Investors King relay), 23 Oct 2026, Nairametrics, inflation, 15 Oct 2026, BusinessDay, 3 Oct 2026.
What stood out for me this week is the gap. The official rate barely moved, but the street premium widened from about ₦40 to as much as ₦58, after the CBN governor put it under 2% in July. What rate are dealers actually giving you in your city?
Inflation eased to 14.63% in September after a 350 basis point rate cut, yet the naira hardly reacted. The MPC meets again on 23 and 24 November. What do you expect them to do, and would it change anything for the naira?