Market News
Naira depreciates against dollar at official FX market
…Black market (Buying and selling rates): N1,382— N1,390
The Nigerian naira depreciated against the United States (US) dollar, trading at N1,367.6057 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Monday.
The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,367.6057 per dollar and closed at N1,365.0000 per dollar.
The currency, which traded at an NFEM rate of N1,361.8394 on October 23rd, 2026, depreciated by at least N5.77, after trading activities on Monday.
At the parallel market, the buying rate increased by N10, while the selling rate increased by N13, when compared to the previous trading rate on Friday, October 23rd, 2026.
According to AbokiFX , the Naira-to-dollar exchange rate at the black market on Monday, October 26th, 2026, was N1,382 and N1,390 per dollar for buying and selling rates, respectively.
