The naira is trading at different rates against the US dollar in Nigeria, with the exchange rate depending on the foreign exchange market where the transaction takes place.
Available figures for Wednesday, September 9, 2026, put the indicative official exchange rate at about ₦1,321.37 to $1.
In the parallel market, the dollar is being bought at around ₦1,385 and sold for as much as ₦1,410, depending on the market source.
Exchange rates can change during the day. Rates may also differ among dealers because of location, demand, supply and the amount involved in a transaction.
Official Dollar to Naira Rate
The Nigerian Foreign Exchange Market, known as NFEM, provides the official exchange rate based on transactions carried out in the formal foreign exchange market.
The Central Bank of Nigeria published NFEM table lists September 4, 2026, as the latest dated trading entry. The rate recorded for that date was ₦1,321.2160 per dollar.
However, the latest available figure for Wednesday, September 9, puts the dollar at about ₦1,321.37.
The September 9 figure should therefore be treated as the latest available rate rather than a confirmed CBN closing rate for the day.
The official exchange rate may change as fresh transactions are recorded in the market.
Parallel Market Dollar Rate
The parallel market is quoting the dollar above the official rate.
Available market figures show that the dollar is being bought at about ₦1,385 and sold at around ₦1,410, according to NairaToday.
Another market tracker, AbokiForex, puts the buying rate at about ₦1,385 and the selling rate at approximately ₦1,395.
At a selling rate of ₦1,410, anyone buying $100 would need about ₦141,000.
A person buying $1,000 at the same rate would require approximately ₦1.41 million.
However, the amount paid may be different depending on the dealer, location and size of the transaction.
Gap Between Official and Parallel Rates
There is a difference of about ₦88.63 per dollar between the indicative official rate of ₦1,321.37 and the NairaToday parallel-market selling rate of ₦1,410.
The gap shows the difference between the rates available in the two markets.
Parallel-market rates can move quickly in response to changes in dollar demand and supply. Different dealers may also quote different prices at the same time.
What Could Happen to the Naira?
The movement of the naira will continue to depend on the supply and demand for US dollars in the foreign exchange market.
Changes in dollar availability, market liquidity and demand for foreign currency could influence the value of the naira during the day.
The exchange rate remains important to businesses, importers, travellers and Nigerians who receive or send money in foreign currencies.
People planning to buy or sell dollars should confirm the prevailing rate before completing a transaction.
Banks and licensed Bureau de Change operators may also quote different rates, so customers should check the current price directly before exchanging their money.
Dollar to Naira Rate Summary — September 9, 2026
Official indicative rate: About ₦1,321.37/$1
Parallel-market buying rate: About ₦1,385/$1
Parallel-market selling rate: About ₦1,410/$1
Latest dated CBN NFEM rate: ₦1,321.2160/$1 on September 4
Estimated official-to-parallel selling gap: ₦88.63/$1
Exchange rates can change during the day and may vary among banks, Bureau de Change operators and other currency dealers.
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