The Nigerian naira is trading at different rates against the US dollar in the official foreign exchange market and the parallel market, with the latest reported figures showing a gap between the two markets.
At the Nigerian Foreign Exchange Market (NFEM), the dollar was reported at approximately ₦1,330.95 on Friday, October 23, while parallel-market operators quoted buying rates of around ₦1,360 to ₦1,365 and selling rates of between ₦1,375 and ₦1,380 per dollar. <Cite refs={[“turn617231news3”]}/>
Dollar to Naira Exchange Rate Today
- Official market: Approximately ₦1,330.95 per dollar.
- Parallel market buying rate: ₦1,360–₦1,365 per dollar.
- Parallel market selling rate: ₦1,375–₦1,380 per dollar.
These figures are indicative and may vary depending on the dealer, location and transaction size. Confirm the applicable rate before exchanging money.
How Much Is the Dollar in Naira Today?
Based on the reported rates, here is what selected dollar amounts are worth in naira:
