Dollar to Naira Black Market Today, October 22, 2026

The US dollar traded within the ₦1,365 to ₦1,390 range on Nigeria’s parallel foreign exchange market in the latest available reports, as Nigerians continue to monitor movements in the exchange rate.

Market observations published on Tuesday, October 20, showed the dollar buying rate at ₦1,365 and the selling rate at ₦1,375. Other reports for Wednesday, October 21, put the selling rate as high as ₦1,390, reflecting differences in quotations across dealers and locations.

However, an independently confirmed black-market rate for Thursday, October 22, was not available at the time of this report. The figures should therefore be treated as the latest available market indications rather than confirmed rates for today.

Based on the latest available market observations, the indicative rates are:

Dollar buying rate: ₦1,365–₦1,375 per $1.

Dollar selling rate: ₦1,370–₦1,390 per $1.

The buying rate is the amount currency dealers pay customers selling dollars, while the selling rate is what customers pay when purchasing dollars.

How Much Is $100 in Naira Today?

Using the latest reported parallel-market selling range:

* $10 equals approximately ₦13,700–₦13,900.

* $50 equals approximately ₦68,500–₦69,500.

* $100 equals approximately ₦137,000–₦139,000.

* $500 equals approximately ₦685,000–₦695,000.

* $1,000 equals approximately ₦1,370,000–₦1,390,000.

These amounts are estimates based on the reported rates and do not represent guaranteed transaction prices.

Official Dollar Rate

At the official Nigerian Foreign Exchange Market (NFEM), the dollar traded around ₦1,332 in the latest available reports for October 21. The official rate differs from the parallel-market rate, where prices depend on demand, supply and individual dealers’ quotations.

What to Expect

The naira’s performance in the coming sessions will depend partly on foreign exchange supply, demand from importers and other businesses, and activity in the official market.

Nigerians buying or selling dollars are advised to confirm the prevailing rate with their banks or licensed Bureau De Change operators before completing transactions, as rates can change during the day.