Naira to Dollar exchange rate today, Tuesday, October 13, 2026
The Nigerian naira is trading at approximately ₦1,332.49 per dollar at the official foreign exchange market on Tuesday, October 13, 2026, while the dollar sells for between ₦1,375 and ₦1,390 in the parallel market.
Official dollar to naira exchange rate
At the Nigerian Foreign Exchange Market (NFEM), the naira has maintained relative stability, with the dollar trading within the ₦1,329 to ₦1,333 range in recent sessions.
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Figures attributed to the Central Bank of Nigeria (CBN) and foreign exchange market trackers indicate that increased turnover in the official market has helped keep fluctuations within a narrow range.
The stability comes amid monetary policy measures and foreign exchange liquidity management efforts by the apex bank.
Dollar to naira rate in the black market
In the parallel market, also known as the black market, the dollar continues to trade above the official rate.
Bureau de Change operators and street currency dealers are reportedly buying the dollar at rates ranging from ₦1,365 to ₦1,370, while selling rates stand between ₦1,375 and ₦1,390.
The difference between the official rate of ₦1,332.49 and the parallel market selling rate is approximately ₦42.51 to ₦57.51 per dollar.
The disparity reflects continued demand for foreign currency from individuals and businesses seeking to pay international school fees, finance travel and purchase imported goods.
Factors influencing the naira’s performance
The relative stability in the official market has been linked to the CBN’s monetary policy measures and efforts to manage foreign exchange liquidity.
Nigeria’s reported improvement in net foreign reserves has also been identified as a factor that could strengthen the country’s external position and support investor confidence.
However, the persistent difference between official and parallel market rates highlights continuing pressure on dollar supply outside the conventional banking system.
Advice for dollar buyers and sellers
Individuals and businesses planning foreign exchange transactions are advised to confirm prevailing rates with their commercial banks or authorised Bureau de Change operators.
Exchange rates may vary depending on the location, transaction volume, dealer and platform involved.