The dollar to naira exchange rate today, Monday, October 19, 2026, opened the new trading week at approximately ₦1,333.54 per dollar in the official Nigerian Foreign Exchange Market (NFEM), according to the figures provided.
In the parallel market, also known as the black market, Bureau De Change (BDC) operators reportedly buy the dollar at around ₦1,375 and sell it for approximately ₦1,390, although rates may vary by location and dealer.
Dollar to Naira Exchange Rate Today, October 19, 2026
The latest available exchange-rate figures for Monday, October 19, 2026, are as follows:
- Official NFEM rate: ₦1,333.54 per dollar
- Black market buying rate: ₦1,375 per dollar
- Black market selling rate: ₦1,390 per dollar
The parallel market figures are indicative and may change depending on the location, transaction size and individual Bureau De Change operator. Customers should confirm current rates before exchanging foreign currency.
Naira Exchange Rate: Official and Black Market Comparison
The official NFEM rate remains below the reported parallel market selling rate. Based on the figures provided, the difference between the official rate of ₦1,333.54 and the black market selling rate of ₦1,390 is ₦56.46 per dollar.
This means that customers buying dollars at the reported parallel market selling rate would pay ₦56.46 more per dollar than the quoted official NFEM rate. Actual transaction costs may differ depending on the applicable exchange rate and fees.
How the Naira Closed Last Week
The naira ended the previous trading week relatively stable in the official foreign exchange market, with the exchange rate closing at approximately ₦1,332.26 per dollar on Friday, October 16, 2026.
In the parallel market, the dollar reportedly sold for around ₦1,370 during the same period.
Compared with Friday’s reported official closing rate, Monday’s indicative NFEM rate of ₦1,333.54 is ₦1.28 higher per dollar. However, the opening figure and closing figure represent different trading periods, and subsequent market movements may affect the exchange rate.
What to Expect From the Dollar to Naira Rate
The dollar to naira exchange rate may fluctuate throughout the trading day as foreign exchange demand and supply conditions change. Official market rates and parallel market quotes may also differ because they reflect different trading channels.
Individuals, importers, businesses and other foreign exchange users should check with their banks or licensed foreign exchange dealers for applicable rates before making transactions.
Disclaimer: Exchange rates quoted in this report are indicative figures supplied for publication and are not guaranteed transaction prices. Confirm the latest official and dealer rates before conducting a foreign exchange transaction.