Market News
Naira depreciates against dollar at official FX market
…Black market (Buying and selling rates): N1,365 — N1,375
The Nigerian naira depreciated against the United States (US) dollar, trading at N1,333.7200 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Friday, October 19th, 2026.
The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,333.7200 per dollar and closed at N1,333.5000 per dollar.
The currency, which traded at an NFEM rate of N1,332.2582 on October 19th, 2026, depreciated by at least N1.46, after trading activities on Monday.
At the parallel market, both the buying and selling rate remained the same, when compared to the previous trading rate on Friday, October 16th, 2026.
According to AbokiFX , the Naira-to-dollar exchange rate at the black market on Monday, October 19th, 2026, was N1,365 and N1,375 per dollar for buying and selling rates, respectively.
