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The naira-dollar gap has widened to about N87, with the official rate at N1,323.21 and the parallel rate at N1,410.
The naira has traded at different levels across Nigeria’s official and parallel foreign exchange markets.
The official rate is based on transactions in the Nigerian Foreign Exchange Market (NFEM), while parallel-market rates reflect dealer quotes.
Data published by the Central Bank of Nigeria (CBN) showed an NFEM rate of N1,326.6862 per dollar on September 2, 2026.
The latest live reading for September 4 puts the official rate at N1,323.21, although the figure can change with new market transactions.
In the parallel market, dealers are quoting about N1,400 to buy one dollar and N1,410 to sell.
At the N1,410 selling rate, $100 costs about N141,000, while $1,000 costs approximately N1.41 million.
The difference between the latest official rate and the parallel-market selling rate is about N86.79 per dollar.
The gap reflects differences in pricing, liquidity and trading conditions between the two markets.
Parallel-market rates may also vary by dealer, location, and transaction size.
