Economy & Business News

Naira to Dollar exchange rate today, Wednesday, September 9, 2026

The naira is currently trading at about ₦1,321.37 to the US dollar in the latest available official market data.

However, dollar rates in the parallel market remain significantly higher, with available quotes ranging from ₦1,385 to ₦1,410 per dollar.

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The Central Bank of Nigeria’s NFEM data lists September 4 as the latest dated trading entry, showing an official exchange rate of ₦1,321.2160/$1.

The ₦1,321.37 figure for September 9 should therefore be regarded as the latest available rate rather than a confirmed CBN closing rate for the day.

At the official rate, $100 is worth approximately ₦132,137, while $1,000 is equivalent to about ₦1,321,370.

Parallel-market rates

Parallel-market rates vary depending on the dealer, location and whether dollars are being bought or sold.

NairaToday lists the dollar at ₦1,385 buying and ₦1,410 selling.

AbokiForex, meanwhile, reports a ₦1,385 buying rate and ₦1,395 selling rate.

Based on NairaToday’s figures, selling $100 could yield about ₦138,500, while buying the same amount could cost approximately ₦141,000.

Using AbokiForex’s selling rate, purchasing $100 would cost about ₦139,500.

The difference between the official rate of ₦1,321.37 and NairaToday’s parallel-market selling rate of ₦1,410 is approximately ₦88.63 per dollar.