Dollar to Naira Exchange Rate Today, October 12, 2026: Official and Black Market Rates
The US dollar was quoted at approximately ₦1,332.49 at Nigeria’s official foreign exchange market, while parallel-market dealers offered different rates on Monday, October 12, 2026.
Available figures showed the dollar trading at about ₦1,370 for buying and ₦1,380 for selling in the parallel market, although individual dealers may quote different prices.
Data from the Central Bank of Nigeria (CBN) indicated that the Nigerian Foreign Exchange Market (NFEM) closed at ₦1,332.49 per dollar on Friday, October 9.
The figure represents the latest completed official trading session in the data reviewed, meaning Monday’s closing rate may differ as transactions continue in the market.
Meanwhile, the parallel-market exchange rate remained higher than the official quotation, with reported buying and selling prices reflecting differences in demand, supply and individual currency dealers’ terms.
The actual amount customers receive may depend on their location, transaction size and the dealer involved. Nigerians should therefore confirm current quotations before exchanging foreign currencies.
The dollar-to-naira exchange rate remains important for Nigerians paying overseas tuition fees, financing international travel, importing goods and meeting other expenses denominated in US dollars.
Businesses that depend on imported products also monitor currency movements because changes in the exchange rate can affect operating expenses, pricing decisions and the cost of goods.
As trading continues on Monday, the official dollar-to-naira rate may change. Customers should check updated figures from the CBN, their banks or authorised foreign exchange dealers before transactions.
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