The Dollar to Naira exchange rate today, September 17, 2026, stands at ₦1,329.8568 to $1 at the official market, based on the latest available figures, while the dollar was quoted at about ₦1,394 in the parallel market on Wednesday, September 16.
The latest official-market figure represents a marginal movement from ₦1,329.1485/$ recorded for the previous trading session. The parallel-market rate, however, remains subject to changes depending on the dealer, location and transaction size.
Key Highlights
- Dollar to Naira official exchange rate: ₦1,329.8568/$1.
- The previous official rate cited was ₦1,329.1485/$1.
- The naira weakened by approximately 71 kobo per dollar between the two official-market figures.
- The dollar was quoted at about ₦1,394/$1 in the parallel market on Wednesday.
- $100 is worth approximately ₦132,985.68 at the official rate.
- $500 is worth approximately ₦664,928.40 at the official rate.
- $1,000 is worth approximately ₦1,329,856.80 at the official rate.
- Parallel-market rates may differ depending on the dealer, location and transaction size.
Dollar to Naira Exchange Rate Today
The latest Dollar to Naira exchange rate today shows the naira trading at ₦1,329.8568 per dollar at the official market.
The figure represents a marginal weakening from the previous rate of ₦1,329.1485/$1. The difference is approximately 71 kobo per dollar.
The official market rate is relevant to businesses and individuals who depend on foreign exchange for international payments, imports, education, travel and other dollar-denominated transactions.
Parallel Market Dollar to Naira Rate
In the parallel market, the dollar was quoted at approximately ₦1,394/$1 on Wednesday, September 16.
This puts the difference between the reported official rate of ₦1,329.8568 and the parallel-market selling rate of ₦1,394 at approximately ₦64.14 per dollar.
However, parallel-market rates are not uniform. Rates can change during the day and may vary according to the dealer, location, dollar availability and transaction size. Recent market trackers have reported different buying and selling rates, highlighting the importance of confirming the actual rate before completing a transaction.
Read also:
- Naira Strengthens to ₦1,380/$ in Parallel Market as Exchange-Rate Gap Narrows
- Naira trades mixed against US Dollar as official, parallel FX rates stabilise
- Naira holds steady at ₦1,340.88/$ amid improved forex stability
Dollar to Naira Conversion Today
Based on the official rate of ₦1,329.8568/$1, the value of selected dollar amounts is:
| Dollar Amount | Official Rate | Parallel Rate at ₦1,394/$ |
|---|---|---|
| $50 | ₦66,492.84 | ₦69,700 |
| $100 | ₦132,985.68 | ₦139,400 |
| $200 | ₦265,971.36 | ₦278,800 |
| $500 | ₦664,928.40 | ₦697,000 |
| $1,000 | ₦1,329,856.80 | ₦1,394,000 |
At the reported rates, the difference in the value of $1,000 between the official and parallel markets is approximately ₦64,143.20.
Who Is Affected by the Dollar to Naira Rate?
Changes in the naira-dollar exchange rate have implications for Nigerians who make or receive payments in US dollars.
Travellers, importers, students paying overseas tuition, businesses purchasing goods from international suppliers and customers paying for foreign digital services may all be affected by changes in the exchange rate.
Nigerians receiving dollars from abroad are also affected because the prevailing exchange rate determines how much naira they receive when their foreign currency is converted.
Why Official and Parallel Rates Differ
The official and parallel foreign exchange markets can quote different rates because of differences in market access, supply, demand and transaction conditions.
Customers conducting transactions through banks and other authorised financial institutions are subject to the applicable rate provided by the institution and prevailing market conditions, as published on the Central Bank of Nigeria’s exchange rate page.
Parallel-market transactions can involve different buying and selling rates, and dealers may also apply their own margins.
Published exchange rates should therefore be treated as reference figures rather than guaranteed rates for every customer.
What to Watch in the Naira-Dollar Market
Market participants will continue to monitor foreign exchange inflows, dollar availability, demand from businesses and individuals and monetary policy developments for their potential impact on the naira.
The exchange rate can also change as market conditions develop during the trading day.
For now, the latest available figures put the Dollar to Naira exchange rate today, September 17, 2026, at ₦1,329.8568/$1 at the official market and approximately ₦1,394/$1 at the reported parallel-market selling rate. For daily updates on the naira, follow us on X.
