Naira gains N14.73 at official FX window, black market rates unchanged
By Aboki Forex —
The naira appreciated against the US dollar at the Central Bank of Nigeria official foreign exchange window on Tuesday, October 27, 2026, trading at N1,352.8710 per dollar. The NFEM rate improved from N1,367.6057 on Monday, October 26, 2026, a gain of at least N14.73.
Official window
Data on the CBN official platform showed the naira traded at the Nigerian Foreign Exchange Market rate of N1,352.8710 per dollar. It closed the day at N1,357.0000 per dollar.
The previous trading day, October 26, 2026, had an NFEM rate of N1,367.6057 per dollar. Tuesday’s movement marked an appreciation of at least N14.73 after trading activities.
Parallel market
At the parallel market, the buying and selling rates stayed unchanged from Monday, October 26, 2026. AbokiFX data showed the naira-to-dollar exchange rate at N1,385 and N1,390 per dollar for buying and selling, respectively, on Tuesday, October 27, 2026.
The gap between the official NFEM rate and the parallel market selling rate remained wide. The official rate closed at N1,357.0000, while black market selling stood at N1,390 per dollar.
The official gain came as parallel market quotes held steady, leaving a gap between the two markets for importers, consumers and businesses sourcing dollars.
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