Naira to Dollar exchange rate today, Wednesday, September 23, 2026
The naira appreciated to N1,327.78 per US dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, September 22, 2026, as the local currency recorded a modest gain against the dollar.
The latest figure represents an improvement of N2.02 from the N1,329.80 recorded at the official market on Monday.
Stay updated: Set GistReel as a favorite source on Google to catch our stories first.
Trading in the parallel market also showed a slight movement in favour of the naira, with the dollar selling for about N1,389 on Tuesday, compared with N1,390 recorded a day earlier.
Based on the two rates, the difference between the official NFEM rate and the parallel-market rate stood at approximately N61.22 per dollar.
At the parallel-market rate of N1,389, a person purchasing $100 would require about N138,900, while $1,000 would cost approximately N1.389 million.
Actual rates available to buyers and sellers may differ from the figures depending on the location, dealer, transaction volume and prevailing demand and supply conditions.
The naira’s movement comes amid ongoing developments in Nigeria’s foreign exchange market, with dollar liquidity and monetary policy remaining key factors affecting exchange-rate movements.
The Central Bank of Nigeria continues to monitor conditions in the foreign exchange market as the naira maintains trading levels around N1,300 per dollar at the official market.
Reuters reported earlier in September that the naira had remained relatively stable, with factors including central bank dollar sales and weaker import demand providing support.
For Wednesday, September 23, the latest available figures therefore place the dollar at N1,327.78 at the NFEM and around N1,389 in the parallel market.
However, exchange rates can change throughout the day as market participants respond to shifts in dollar demand, supply and liquidity.