Naira Opens Week at N1,331.3292/$ at Official Window, Black Market Sells at N1,382
By Aboki Forex —
The naira opened the trading week weaker against the US dollar, trading at N1,331.3292 at the Central Bank of Nigeria official foreign exchange window on Monday, September 28, 2026. Data on the CBN platform showed the currency traded at the Nigerian Foreign Exchange Market rate of N1,331.3292 per dollar and closed at N1,331.5000 per dollar.
The naira had traded at an NFEM rate of N1,329.5138 on September 25, 2026. That left a depreciation of at least N1.82 after Monday's trading activities.
Parallel Market Movement
At the parallel market, the buying rate remained the same while the selling rate decreased by N3 when compared with the previous trading rate on Friday, September 25, 2026. According to AbokiFX, the naira to dollar exchange rate at the black market on Monday, September 28, 2026, was N1,375 and N1,382 per dollar for buying and selling rates, respectively.
A black market buying and selling indication also showed N1,382 and N1,382. That quote put buying at N1,382 and selling at N1,382, even as the AbokiFX data showed buying at N1,375 and selling at N1,382 for the same Monday, September 28, 2026 trading session.
What The Rates Show
The official window closed at N1,331.5000 per dollar. The parallel market selling rate stood at N1,382 per dollar. The gap between the two markets remained, with the black market quote still higher than the official rate.
For businesses and consumers, the parallel market rate remains the reference point for many cash dollar transactions. The official NFEM rate of N1,331.3292 and the black market selling rate of N1,382 on Monday, September 28, 2026, show the two segments are still priced differently.