Naira Strengthens at Official FX Window as Black Market Holds N1,382/N1,385
By Aboki Forex —
The naira strengthened against the United States dollar on Tuesday, September 22, 2026, trading at N1,327.7784 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window.
Data on the CBN's official platform showed the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,327.7784 per dollar and closed at N1,331.0000 per dollar. The currency had traded at an NFEM rate of N1,329.8019 on September 21, 2026. It appreciated by at least N2.02 after trading activities on Tuesday.
Parallel Market Movement
At the parallel market, the buying rate increased by N2 and the selling rate decreased by just a naira compared with the previous trading rate on Monday, September 21, 2026.
AbokiFX data showed the naira-to-dollar exchange rate at the black market on Tuesday, September 22, 2026, was N1,382 and N1,385 per dollar for buying and selling rates, respectively.
Official Window Details
The official NFEM rate and the closing rate are the key CBN reference points for the day. The naira's movement from N1,329.8019 on September 21, 2026 to N1,327.7784 on Tuesday, September 22, 2026 reflects a stronger official rate.
What It Means
The gap between the official NFEM rate and the parallel market quotes remains wide. For Nigerian businesses and consumers, the black market rates of N1,382 and N1,385 per dollar will continue to shape cash dollar demand and pricing decisions.