Dollar To Naira Exchange Rate Today, October 23, 2026

Dollar to Naira Exchange Rate Today, October 23, 2026

The US dollar traded at different rates against the Nigerian naira on Friday, October 23, 2026, across the official foreign exchange market and the parallel market. Available market reports showed that the official exchange rate was around ₦1,331 to the dollar, while parallel-market dealers quoted higher rates, depending on location and transaction size. The reported rates for Friday are summarised below Based on the reported rates, the estimated naira equivalents are

These figures are estimates before applicable charges. Actual rates may vary between banks and currency dealers The official and parallel markets may quote different rates because of differences in currency supply, demand and access to foreign exchange. Demand from importers, travellers and businesses, alongside foreign currency inflows, also influences the naira’s performance. The Central Bank of Nigeria publishes official Nigerian Foreign Exchange Market (NFEM) data, which serves as the benchmark for the official market. Nigerians buying or selling dollars are advised to confirm the prevailing rate with their bank or authorised foreign exchange provider before completing a transaction.