The naira opened Thursday, September 10, 2026, on a firmer footing at the Nigerian Foreign Exchange Market, while continuing to trade at a weaker level in the parallel market.
Available market data showed the official exchange rate at about N1,322.72 per US dollar. The rate was recorded at N1,322.72/$ on September 9, with the same figure listed as the historical rate for September 10.
In the parallel market, the dollar was quoted between N1,380 and N1,390, depending on the direction of the transaction.
One market tracker reported a buying rate of N1,380/$ and a selling rate of N1,390/$ early Thursday.
Another parallel-market tracker also quoted the dollar at around N1,390 on September 10, although rates may vary depending on location, dealer and market conditions.
The difference between the official NFEM rate of N1,322.72/$ and the parallel-market selling rate of N1,390/$ stood at approximately N67.28 per dollar.
Recent trading has continued to show relative strength for the naira in the official market. Reports citing Central Bank of Nigeria data indicated that the currency traded around N1,320/$ on September 8 following further gains at the official window.
Despite the naira’s recent performance in the official market, the parallel-market rate remained above the regulated rate, reflecting the continuing gap between formal foreign-exchange transactions and informal market pricing.
However, exchange rates can fluctuate throughout the day in response to changes in dollar supply and demand, trading activity and possible interventions by the Central Bank of Nigeria.
The parallel-market rates should therefore be regarded as indicative rather than fixed transaction prices.
For Nigerians seeking foreign currency for legitimate purposes such as travel, school fees, imports and business transactions, the actual rate offered by a bank or licensed Bureau de Change may differ from both the NFEM and parallel-market rates.
