News
Dollar to Naira Exchange Rate Today, September 14, 2026
The Nigerian naira started the new week relatively stable against the United States dollar, although a noticeable difference remained between the off...
By Wavers News
As of Monday, September 14, 2026, the dollar was trading at approximately ₦1,326.84 at the Nigerian Foreign Exchange Market (NFEM), based on the latest available market data.
In the parallel market, the dollar was quoted at about ₦1,380 for buying and ₦1,390 for selling, although actual rates may vary depending on location, dealer and transaction size.
Official Dollar-to-Naira Rate
The NFEM rate stood at approximately ₦1,326.84 for $1 on Monday.
The official rate remains the benchmark for foreign exchange transactions conducted through Nigeria's regulated market.
At this rate:
$1 = approximately ₦1,326.84
$100 = approximately ₦132,684
$500 = approximately ₦663,420
$1,000 = approximately ₦1,326,840
Dollar Rate in the Parallel Market
The parallel market continued to trade above the official rate on Monday.
Market quotations put the dollar at approximately ₦1,380 for buying and ₦1,390 for selling.
This means a person selling $100 could receive around ₦138,000, while purchasing $100 could cost approximately ₦139,000, depending on the dealer and prevailing market conditions.
At the selling rate of ₦1,390 per dollar:
$100 = approximately ₦139,000
$500 = approximately ₦695,000
$1,000 = approximately ₦1.39 million
Gap Between Official and Parallel Rates
The difference between the official NFEM rate of ₦1,326.84 and the parallel-market selling rate of ₦1,390 is approximately ₦63.16 per dollar.
The relatively moderate gap reflects the difference in how prices are determined in the two markets.
The official rate is based on transactions in Nigeria's regulated foreign exchange market, while parallel-market prices are largely influenced by demand, supply and dealer quotations.
What Is Supporting the Naira?
The naira's recent stability has come amid improved dollar liquidity and ongoing efforts to strengthen conditions in Nigeria's foreign exchange market.
Factors that could influence the naira in the coming days include foreign exchange liquidity, crude oil earnings, external reserves, diaspora remittances, investor inflows and monetary policy decisions.
Market participants are expected to continue watching NFEM trading closely for indications of whether the naira can maintain its recent stability.
Dollar-to-Naira Rate Today at a Glance
Official NFEM rate: ₦1,326.84/$
Parallel market buying rate: ₦1,380/$
Parallel market selling rate: ₦1,390/$
Parallel-market selling premium over NFEM: About ₦63.16/$
Exchange rates can change during the day, and rates offered by banks, Bureau de Change operators and other dealers may differ.