Dollar to Naira Exchange Rate Today, October 19, 2026

The dollar-to-naira exchange rate began the trading week on Monday, October 19, 2026, with the official rate in the Nigerian Foreign Exchange Market (NFEM) set at approximately ₦1,333.54 per dollar, based on the latest exchange-rate data.

In contrast, the parallel market rate remains notably higher, with Bureau De Change operators reporting selling rates that differ by location and dealer. As of October 19, the exchange rates are as follows:

– Official NFEM rate: about ₦1,333.54 per dollar
– Parallel market buying rate: around ₦1,375 per dollar
– Parallel market selling rate: approximately ₦1,390 per dollar

It is important to note that the parallel market rates are indicative and can fluctuate based on various factors, including dealer, location, and transaction size.

The naira showed relative stability in the prior trading week, closing at approximately ₦1,332.26 per dollar in the official market on Friday, October 16. During the same period, the parallel market reported a selling rate of roughly ₦1,370 for the dollar.

The difference between the official rate of ₦1,333.54 and the parallel market selling rate of ₦1,390 amounts to an approximate disparity of ₦56.46 per dollar.

Forex rates are subject to change throughout the day as market conditions evolve. It is advisable for individuals and businesses to verify current rates with their banks or authorized foreign exchange dealers before proceeding with transactions.