The naira traded at an indicative rate of ₦1,331.45 per dollar on Thursday, October 22, 2026, while the latest available parallel-market quotations showed the US dollar selling for about ₦1,375. However, the figures require confirmation, as fresh official market data and Thursday’s black-market rates could not be independently verified at the time of reporting.
Key Highlights
- Indicative exchange rate: ₦1,331.45 per dollar.
- Parallel-market selling rate: About ₦1,375 per dollar, based on the latest available quotations from the previous day.
- Parallel-market buying rate: Approximately ₦1,370 per dollar, according to the same earlier quotations.
- Dollar conversion: $100 equals ₦133,145 at the indicative rate.
- Market caution: Actual rates may vary by bank, authorised dealer, location and transaction size.
Naira to Dollar Exchange Rate Today
The indicative exchange rate provides a reference point for Nigerians checking the naira-to-dollar exchange rate today. However, the figure of ₦1,331.45 should not be treated as a confirmed closing rate from the Central Bank of Nigeria (CBN) or the Nigerian Foreign Exchange Market (NFEM).
The official foreign exchange market operates separately from the parallel market, where currency dealers set their quotations according to demand, supply, location and the amount involved in a transaction.
According to the latest available currency-rate data, the dollar was quoted at ₦1,331.45 against the naira on Thursday morning. The latest official NFEM rate, however, could not be independently confirmed at the time of reporting.
Dollar to Naira Black Market Rate Today
In the parallel market, the latest available quotations from Wednesday indicated that Bureau de Change operators were buying the dollar at approximately ₦1,370 and selling it at ₦1,375.
These figures have not been independently verified as fresh rates for Thursday, October 22, 2026. Consequently, they should be treated as indicative quotations rather than confirmed current prices.
Actual buying and selling rates may differ among dealers across Nigeria. The amount a customer receives when selling dollars, or pays when buying them, depends on the dealer’s quotation and the transaction terms.
How Much Is $100, $500 and $1,000 in Naira Today?
Using the indicative exchange rate of ₦1,331.45 per dollar, the following conversions apply:
| US dollar amount | Equivalent in naira |
|---|---|
| $100 | ₦133,145 |
| $500 | ₦665,725 |
| $1,000 | ₦1,331,450 |
These calculations are based on the indicative rate and do not guarantee the amount a customer will receive from a bank or currency dealer.
Dollar Conversion at the Parallel-Market Selling Rate
At the reported parallel-market selling rate of ₦1,375 per dollar, the estimated cost of buying dollars would be:
| US dollar amount | Estimated cost |
|---|---|
| $100 | ₦137,500 |
| $500 | ₦687,500 |
| $1,000 | ₦1,375,000 |
These estimates exclude any additional charges and depend on whether a dealer is offering the stated rate.
Read also:
- Naira To Dollar Exchange Rate Today, October 21, 2026
- Dollar to Naira Exchange Rate Today, October 20, 2026: Official and Black Market Rates
- Naira To Dollar Exchange Rate Today: Dollar Sells For ₦1,390 As Naira Opens Week
Why the Naira to Dollar Exchange Rate Matters
The naira-to-dollar exchange rate remains important to households, businesses and organisations that depend on foreign currency for international transactions.
Exchange-rate movements can affect the cost of imported goods, overseas school fees, travel expenses, international payments and other dollar-denominated transactions.
Differences between official-market and parallel-market quotations can also influence the amount customers pay or receive when exchanging foreign currency. However, the rates available to individual customers depend on the channel used and the applicable transaction conditions.
Where to Confirm the Dollar to Naira Rate
Nigerians planning foreign-currency transactions are advised to confirm the applicable rate with their banks or authorised dealers before exchanging money. The official rates are published on the CBN exchange rates page.
The CBN and NFEM rates may differ from parallel-market quotations. Readers should therefore distinguish between indicative currency-feed figures, confirmed official market rates and prices quoted by individual dealers.
As of Thursday, October 22, 2026, the figures cited in this report remain indicative where current market quotations could not be independently verified.
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