The dollar traded at approximately ₦1,332 on the official foreign exchange market on Tuesday, October 20, 2026, while parallel-market dealers quoted higher rates.
The latest available Nigerian Foreign Exchange Market (NFEM) reference data put the official rate at about ₦1,332 per dollar. In the parallel market, Bureau De Change (BDC) operators quoted different rates depending on their location and transaction size.
The indicative parallel-market buying rate stood at around ₦1,365 per dollar, while the selling rate was approximately ₦1,380.
These rates may vary among dealers and can change during the day.
Dollar to Naira Exchange Rate Today
| Exchange market | Rate per dollar |
|---|---|
| Official NFEM rate | ₦1,332 |
| Parallel-market buying rate | ₦1,365 |
| Parallel-market selling rate | ₦1,380 |
The official rate represents the latest available reference data, while the parallel-market figures reflect indicative quotations from currency dealers.
How Much Is $100 to Naira Today?
Based on the indicative rates, $100 is worth approximately ₦133,200 at the official NFEM reference rate.
At the parallel-market selling rate of ₦1,380 per dollar, $100 would cost about ₦138,000.
The difference between the two rates reflects the premium that buyers may pay when obtaining dollars through unofficial market channels rather than the official foreign exchange market.
Exchange-rate differences remain important for Nigerians paying overseas tuition fees, travelling abroad, importing goods or meeting other dollar-denominated expenses.
Anyone planning a foreign exchange transaction should confirm the applicable rate with their bank or a licensed Bureau De Change operator before completing the transaction, as the final amount may differ from the indicative figures published here.
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