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The naira traded at N1,329.43 to the dollar at the official Nigerian Foreign Exchange Market (NFEM) rate, while the US currency exchanged for between N1,400 and N1,410 in the parallel market on Wednesday, September 2, 2026.
The latest Central Bank of Nigeria (CBN) data showed that the NFEM rate stood at N1,329.43/$1, with the naira closing at N1,329.00 per dollar on September 1.
Based on the latest official rate, $100 is worth about N132,943.
In the parallel market, Aboki Forex quoted the dollar at about N1,400 for buying and N1,405 for selling on Wednesday.
NairaToday, another market tracker, put the parallel-market rate at around N1,410 to the dollar.
The difference between the official and parallel-market rates reflects variations in foreign exchange supply, demand and dealer pricing outside the formal banking system.
