Last updated: 14 October 2026. 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 12 October 2026)
- Official (NFEM): steady at about ₦1,332 to ₦1,333 per US dollar.
- Parallel market: about ₦1,365 to ₦1,375 for buying and selling on 12 and 13 October, with some trackers showing selling prices up to ₦1,390.
- Gap: about ₦40 per dollar (roughly 3%) on 13 October, against ₦24 on 6 October and about ₦50 to ₦60 earlier in the month.
- Versus a year ago: the official rate is about ₦130 (roughly 9%) stronger than the ₦1,460 to ₦1,466 of 14 October 2025.
- Reserves: above US$54 billion, up from US$45.57 billion on 2 January 2026.
Live rate:
| Amount | In naira |
|---|---|
| US$100 | ₦133,128 |
| US$500 | ₦665,640 |
| US$1,000 | ₦1,331,280 |
| US$5,000 | ₦6,656,400 |
| Date | Rate (₦ per US$1) |
|---|---|
| 14 Oct 2026 | 1,331.28 |
| 13 Oct 2026 | 1,331.44 |
| 12 Oct 2026 | 1,330.17 |
| 11 Oct 2026 | 1,331.00 |
Indicative market rate from Rates By Exchange Rate API, refreshed automatically. It tracks the official market closely but can differ slightly from the CBN NFEM closing rate and from bank and street rates. Confirm the rate with your bank or provider before you transact.
This week’s rates, day by day
| Date | Official NFEM (₦ per US$) | Parallel market (₦ per US$) |
|---|---|---|
| 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 |
| Mon 12 Oct | about 1,332.99 | 1,365 buy, 1,373 sell |
| Tue 13 Oct | about 1,332.47 | 1,365 buy, 1,373 sell (some trackers up to 1,390) |
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 also gave slightly different official figures for the same day (for example, 9 October was reported as ₦1,331.19 by one source and ₦1,332.49 by another), so use these as a guide and confirm with your bank or dealer.
What moved the naira this week
1. A steady official window
The official rate barely moved. It traded between about ₦1,329 and ₦1,334 through early October. Trading volume rose sharply on some days: NFEM turnover jumped to about US$1.01 billion on 6 October from US$619 million the previous session, according to Nairametrics as cited in press reports. A busy market with a flat price suggests the CBN window is absorbing demand without much strain.
2. A wider street premium
The parallel market stayed weaker than the official rate. Limited access to dollars through banks and authorised dealers pushes travellers, students paying fees abroad and small importers to bureau de change operators, who charge a premium. The gap narrowed to about ₦24 on 6 October, then widened to around ₦40 to ₦50 later in the week. CBN Governor Olayemi Cardoso reportedly said in July that the gap had narrowed to under 2%, so it has widened slightly since.
3. Strong reserves
External reserves rose by US$9.29 billion in the first nine months of 2026, from US$45.57 billion on 2 January to US$54.86 billion on 24 September, above the CBN’s end-2026 projection of US$51.04 billion. CardinalStone puts net reserves above US$40 billion and attributes the strength to steady FX inflows and a current-account surplus. Analysts caution that reserve gains do not remove every external risk.
4. Month-end demand
Demand for dollars for tuition, travel and import settlements tends to rise toward month-end, which can lift street quotes temporarily.
Naira versus a year ago
The naira has gained over the past year. 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 this week. Today the official rate is around ₦1,332 and the street rate about ₦1,373. The NFEM opened 2026 at roughly ₦1,426.69 on 12 January, so the official rate is about 6.6% stronger since January. A firmer naira and falling inflation have not eased living costs much, because financing costs remain high.
Quick conversions
| US dollars | At official ₦1,332 | At parallel ₦1,373 |
|---|---|---|
| US$100 | ₦133,200 | ₦137,300 |
| US$500 | ₦666,000 | ₦686,500 |
| US$1,000 | ₦1,332,000 | ₦1,373,000 |
| US$5,000 | ₦6,660,000 | ₦6,865,000 |
Banks, fintechs and dealers add spreads or fees, so your final amount may differ.
What to watch next week
- Whether the gap between official and street rates keeps widening toward month-end.
- The CBN’s published reserve and NFEM turnover figures.
- Any policy signals from the Central Bank after its September meeting.
- Seasonal demand for travel and school fees ahead of December.
Frequently asked questions
What is the dollar to naira rate this week?
About ₦1,332 to ₦1,333 officially and about ₦1,365 to ₦1,375 in the parallel market in the week of 12 October 2026.
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.
Is the naira stronger than last year?
Yes. The official rate is about 9% stronger than a year ago and the street rate is lower than the roughly ₦1,500 of October 2025.
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.
This page is general information, not financial advice. Check rates with your bank or licensed dealer before you transact.
Sources: WithinNigeria, 14 Oct 2026; WithinNigeria, 12 Oct 2026; Techeconomy, 7 Oct 2026; Vanguard, 14 Oct 2026.
