Naira to Dollar Exchange Rate Today, Monday

The Nigerian naira opened the new trading week relatively stable against the US dollar, with the latest official-market rate around ₦1,331.20 per dollar and the parallel-market rate at approximately ₦1,395/$. Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira at about ₦1,331.20/$ based on the latest confirmed rate from Friday, September 18. This represented a marginal improvement from the previous official rate of ₦1,331.28/$. A live USD/NGN benchmark was also around ₦1,330.65/$ in early Monday trading, suggesting limited movement around the ₦1,330 level. Dollar-to-Naira Rate Today Market Rate Official NFEM ₦1,331.20/$ Live USD/NGN benchmark ₦1,330.65/$ Parallel market ₦1,395/$ At the parallel market, the dollar was being quoted at approximately ₦1,395 on Monday. This places the difference between the latest official and parallel-market rates at about ₦63.80 per dollar. The actual rate available to customers may vary depending on the bank, Bureau de Change operator, transaction size, location and prevailing market conditions. For reference, at the official rate of ₦1,331.20/$: $100 ≈ ₦133,120 $500 ≈ ₦665,600 $1,000 ≈ ₦1,331,200 The figures are market reference rates and can change during the trading day. Source: GistReel, with the official market figure based on the latest available NFEM data; the Monday figures are also reported by Vanguard.