Naira Depreciates at Official FX Window, Trades N1,330.0965 Per Dollar

The naira depreciated against the United States dollar at the Central Bank of Nigeria official foreign exchange window on Friday, October 2, 2026. It traded at N1,330.0965 per dollar at the Nigerian Foreign Exchange Market and closed at N1,332.0000 per dollar.

The currency had traded at an NFEM rate of N1,329.1600 on September 30, 2026. It depreciated slightly by at least N0.94 after trading activities on Friday.

Black Market Rates

At the parallel market, the buying rate decreased by N10 while the selling rate decreased by N5 compared with the previous trading rate on Wednesday, September 30, 2026.

The black market Naira-to-dollar exchange rate on Friday, October 2, 2026 was N1,365 and N1,375 per dollar for buying and selling rates respectively. The black market buying and selling rates were N1,365 to N1,375.

Official Window

Data shared on the CBN official platform showed the naira traded at the NFEM rate of N1,330.0965 per dollar and closed at N1,332.0000 per dollar.

What It Means

The official and parallel market rates continue to move in different directions. The gap between the NFEM closing rate of N1,332.0000 and the black market selling rate of N1,375 remains. For Nigerian businesses and consumers, the parallel market rate still determines many cash dollar transactions, while the official window guides formal FX trades.