Naira Depreciates to N1,332.9728/$ at Official FX Window

The naira depreciated against the United States dollar at the Central Bank of Nigeria official foreign exchange window on Tuesday, October 13th, 2026. It traded at N1,332.9728 per dollar at the Nigerian Foreign Exchange Market and closed at N1,335.5000 per dollar.

Official Market Rate

Data from the CBN official platform showed the naira traded at an NFEM rate of N1,332.9728 per dollar. The closing rate was N1,335.5000 per dollar.

The currency had traded at an NFEM rate of N1,332.0960 on October 12th, 2026. After trading activities on Tuesday, it depreciated by at least N0.88.

The official market figures show a marginal daily decline. The naira moved from N1,332.0960 per dollar on October 12th, 2026, to N1,332.9728 per dollar on October 13th, 2026. The closing quote for the day was N1,335.5000 per dollar.

Black Market Rates

At the parallel market, the buying rate increased by N5 and the selling rate increased by N4 when compared with the previous trading rate on Monday, October 12th, 2026.

According to AbokiFX, the naira-to-dollar exchange rate at the black market on Tuesday, October 13th, 2026, was N1,370 and N1,375 per dollar for buying and selling rates, respectively.

Official Versus Black Market

The official NFEM rate of N1,332.9728 per dollar and the black market buying rate of N1,370 per dollar leave a wide spread. The selling rate at the parallel market was N1,375 per dollar.

The gap affects how importers, travellers, and businesses source foreign exchange. It also shapes pricing for dollar-denominated goods and services.

What It Means

The spread between the official and parallel market rates remains wide. That keeps pressure on Nigerian businesses and consumers who need dollars outside the official window.