Dollar To Naira Exchange Rate Today, October 21, 2026

Dollar to Naira Exchange Rate Today, October 21, 2026

The Nigerian naira traded relatively steadily against the United States dollar on Wednesday, October 21, 2026, across the official foreign exchange market and the parallel market. At the official Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at approximately ₦1,330.97 to ₦1,332, In the parallel market, Bureau De Change operators and currency traders in commercial centres such as Lagos and Abuja quoted buying rates of around ₦1,365 per dollar and selling rates of approximately ₦1,380 per dollar. The difference between the official market figures and the parallel-market selling rate highlights the additional cost faced by Nigerians who obtain dollars outside the official foreign exchange window. At the reported rates, $100 would cost approximately ₦133,097 at the official rate and up to ₦138,000 at the parallel-market selling rate. Movements in the naira-dollar exchange rate are influenced by foreign exchange supply, investor activity, market liquidity, international crude oil earnings and domestic monetary policy. The official and parallel-market rates may also differ according to demand, location, transaction size and the dealer involved. Nigerians planning to buy or sell dollars are advised to confirm the applicable rate with their banks or licensed Bureau De Change operators before completing transactions, as exchange rates can change during the trading day.