Naira Gains at Official FX Market as Parallel Market Eases to N1,380/$1

By —

The naira appreciated against the dollar at the official foreign exchange market, according to the latest trading update. At the parallel market, rates also eased, with both the buying and selling sides dropping compared with the previous session.

Parallel market rates

Black market buying rate: N1,380 to the dollar.
Selling rate: N1,386 to the dollar.

The buying rate decreased by N5 and the selling rate decreased by N4 when compared with the previous trading rate on Friday, September 18, 2026.

That leaves a spread of N6 between what dealers pay for the dollar and what they sell it for.

Official market

The naira appreciated against the dollar at the official FX market in the same trading period, a move that points to firmer demand for the local currency on the official window.

The parallel market easing, with buying and selling rates both down, suggests dealers were quoting lower prices for the dollar than in the previous session.

Naira traders and businesses that source FX will watch whether the official market gains hold, and whether the parallel market continues to track in the same direction in the coming sessions.

Forex News

Nigeria Could Lose Trade Deals Without Modern Ports, APM Terminals Warns
ABOKI FOREX
South African factory sentiment rises for second month but recovery stays fragile
ABOKI FOREX
South African rand steady ahead of manufacturing PMI and vehicle sales data
ABOKI FOREX
Naira Gains to N1,346.26 at Official Market, Weakens to N1,390 at Black Market
ABOKI FOREX
Bank of England Expected to Raise Bank Rate to 4% as Energy Costs Bite
ABOKI FOREX
BRICS+ Can Build Joint Payments System, But Shared Currency Faces Big Hurdles
ABOKI FOREX
DStv to launch four new packages from November 5, 2026
ABOKI FOREX
Petrol and diesel depot prices fall in Lagos, Warri, Port Harcourt and Calabar
ABOKI FOREX
FG Unveils N50,000 Monthly Cash Relief, Says No Application, No Fees
ABOKI FOREX
DMO Raises November FGN Savings Bond Rates to 13.25%, 14.25%
ABOKI FOREX