The naira traded at approximately ₦1,332.49 per dollar at the official foreign exchange market on Tuesday, October 13, 2026, while the dollar sold for between ₦1,375 and ₦1,390 in the parallel market.
Key Highlights
- Official rate: about ₦1,332.49/$ at the NFEM on October 13, 2026.
- Parallel market: dollar bought at ₦1,365–₦1,370 and sold at ₦1,375–₦1,390.
- Gap between official and parallel selling rates: ₦42.51 to ₦57.51 per dollar.
- Official market has held within the ₦1,329–₦1,333 range in recent sessions.
- Buyers advised to confirm rates with banks or authorised BDC operators.
Official Market Holds Steady
At the Nigerian Foreign Exchange Market (NFEM), the naira remained within the ₦1,329 to ₦1,333 range in recent trading sessions, indicating relative stability in the official market.
However, the reported rate should be verified against the latest Central Bank of Nigeria (CBN) exchange rate data for the trading day.
Parallel Market Rates
In the parallel market, bureau de change operators and currency dealers reportedly bought the dollar at ₦1,365 to ₦1,370 and sold it for ₦1,375 to ₦1,390.
Based on the reported official rate, the difference between the official and parallel market selling rates stood at ₦42.51 to ₦57.51 per dollar.
The gap reflects differences in foreign exchange supply and demand, with individuals and businesses requiring dollars for international school fees, travel and imported goods potentially facing higher costs in the parallel market.
Read also:
- Naira to Dollar Exchange Rate Today, October 9, 2026: Official Rate at ₦1,329.34, Black Market at ₦1,385
- Dollar to Naira Exchange Rate Today, October 7, 2026: Naira Gains Officially, Falls on Parallel Market
- Dollar To Naira Exchange Rate Today, October 6, 2026: Naira Gains At Parallel Market
The naira’s performance is influenced by foreign exchange inflows, market demand, monetary policy and the CBN’s management of liquidity. Nigeria’s external reserves can also affect investor confidence and dollar availability.
Individuals and businesses planning foreign exchange transactions are advised to confirm current rates with their commercial banks or authorised bureau de change operators, as prices may vary by location, dealer and transaction volume.
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