The Nigerian naira is trading at approximately ₦1,333.64 per US dollar in the official foreign exchange market on Wednesday, October 21, 2026, while the parallel market continues to quote higher rates.
In the black market, currency dealers are reportedly buying the dollar at around ₦1,365 and selling at approximately ₦1,380, although rates may differ depending on location, dealer and transaction size. <Cite refs={[“turn590466search0″,”turn590466search1”]}/>
Official Dollar to Naira Exchange Rate
According to the latest reported figures, the official exchange rate stands at approximately ₦1,333.64 per dollar.
At this rate:
- $1 equals approximately ₦1,333.64.
- $100 equals approximately ₦133,364.
- $500 equals approximately ₦666,820.
- $1,000 equals approximately ₦1,333,640.
Black Market Dollar to Naira Rate
In the parallel market, the dollar is reportedly being bought at ₦1,365 and sold at ₦1,380.
Using the reported selling rate:
- $1 equals ₦1,380.
- $100 equals ₦138,000.
- $500 equals ₦690,000.
- $1,000 equals ₦1,380,000.
These figures are estimates based on reported rates and may change throughout the day. <Cite refs={[“turn590466search0″,”turn590466search2”]}/>
Naira Outlook
The difference between the official selling rate and the reported black market selling rate is approximately ₦46.36 per dollar.
Market participants continue to monitor foreign exchange supply, dollar demand and liquidity conditions, all of which can influence the naira’s performance.
Nigerians planning to exchange foreign currency are advised to confirm the prevailing rate with their banks or licensed Bureau de Change operators before completing a transaction.
Category: Business / Economy
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