Dollar to Naira today in the official market is N1,320.56, while the average black-market selling rate is approximately ₦1,400 per $1.
Dollar to Naira Rate Today
Official CBN NFEM rate
US$1 = ₦1,329.51
Rate date: September 25, 2026 · Central Bank of Nigeria (CBN) — NFEM Official Rate. This is one official weighted-average value, not a Buy/Sell quote.
Black Market Rate Today
Buy: ₦1,378.00 · Sell: ₦1,390.00
Calculated as the median of three current market observations. Individual source figures are not published.
Abiwin’s Black Market benchmark is unofficial and informational. It may vary by location, transaction size and time.
How Much Is $1 in Naira Today in the Black Market?
The Dollar to Naira black market rate today is approximately ₦1,400 per US dollar.
Using the ₦1,400/$1 reference rate:
| US Dollar | Nigerian Naira |
|---|---|
| $1 | ₦1,400 |
| $10 | ₦14,000 |
| $20 | ₦28,000 |
| $50 | ₦70,000 |
| $100 | ₦140,000 |
| $500 | ₦700,000 |
| $1,000 | ₦1,400,000 |
These amounts are estimates based on the ₦1,400 black-market reference rate. Actual parallel-market rates may vary by dealer, location, transaction size and time of day.
How Much Is $1 in Naira Today in the Official Market?
The latest CBN NFEM official reference rate is ₦1,320.56 per US dollar.
Using the official rate:
| US Dollar | Nigerian Naira |
|---|---|
| $1 | ₦1,320.56 |
| $10 | ₦13,205.60 |
| $20 | ₦26,411.20 |
| $50 | ₦66,028.00 |
| $100 | ₦132,056.00 |
| $500 | ₦660,280.00 |
| $1,000 | ₦1,320,560.00 |
The official CBN NFEM rate is a market reference and may differ from the rate available to an individual customer through a bank or other authorized FX provider.
Black Market Dollar Buy and Sell Rate Today
The buy rate is the price a dealer is willing to pay when buying US dollars from you. The sell rate is the price you pay when buying US dollars from a dealer.
Today’s monitored parallel-market quotations are:
| Indicator | Rate |
|---|---|
| Lowest buy rate | ₦1,381/$ |
| Highest buy rate | ₦1,390/$ |
| Lowest sell rate | ₦1,391/$ |
| Highest sell rate | ₦1,410/$ |
| Average buy rate | ₦1,385.33/$ |
| Average sell rate | ₦1,399.33/$ |
The monitored quotations remain relatively close to one another, with selling rates ranging from ₦1,391 to ₦1,410 per dollar.
Official Dollar Rate vs Black Market Rate
The latest CBN NFEM official reference rate is ₦1,320.56/$1, while the calculated average black-market selling rate is ₦1,399.33/$1.
This creates a difference of:
₦1,399.33 − ₦1,320.56 = ₦78.77 per dollar
| Rate | Naira per $1 |
|---|---|
| CBN NFEM official | ₦1,320.56 |
| Black-market average sell | ₦1,399.33 |
| Difference | ₦78.77 |
The average black-market selling rate is therefore approximately 5.96% higher than the CBN NFEM official rate.
Is the Naira Getting Stronger?
The naira showed a slight strengthening in the official market compared with the previous trading day. The CBN NFEM rate moved from ₦1,321.22 per US dollar on September 4 to ₦1,320.56 on September 7, representing an improvement of about ₦0.66 per dollar, or approximately 0.05%.
In the parallel market, the dollar remained around the ₦1,400/$1 level on September 7, with reported buying and selling rates of approximately ₦1,390 and ₦1,400, respectively.
This means the naira’s movement on September 7 was relatively modest. The official-market improvement provides some evidence of short-term naira strength, while the continued ₦1,400 parallel-market reference suggests that dollar demand remains significant outside the official market.
Dollar to Naira Black Market Rate Outlook
The immediate parallel-market reference is approximately ₦1,400/$1.
The monitored sources currently show selling rates between ₦1,391 and ₦1,410 per dollar, indicating that the market is clustered around the ₦1,400 level.
If dollar supply remains adequate and demand stays relatively stable, the rate could remain around this range. However, stronger demand for US dollars or reduced FX liquidity could cause the parallel-market rate to move higher.
Because black-market rates are not officially fixed, the rate can change during the day.
Today’s Dollar to Naira Summary
| Market Indicator | Today’s Reference |
|---|---|
| Black-market reference rate | ≈ ₦1,400/$ |
| Average black-market buy rate | ₦1,385.33/$ |
| Average black-market sell rate | ₦1,399.33/$ |
| CBN NFEM official rate | ₦1,320.56/$ |
| Black-market premium | ≈ 5.96% |
| Observed buy range | ₦1,381–₦1,390/$ |
| Observed sell range | ₦1,391–₦1,410/$ |
Rate Methodology
This report uses the CBN NFEM weighted-average official rate and manually maintained parallel-market quotations from Aboki FX, Talentbase.ng and Monierate. The average buy and sell rates are calculated from the three available source quotations. Because black-market rates are not fixed and can change throughout the day, these figures are treated as indicative market reference rates.
Updated Market date: September 8, 2026
Currency pair: USD/NGN
Market: Nigerian parallel/black market