Dollar to Naira exchange rate update – October 15, 2026

VIA VANGUARD:

The Naira held steady with a slight gain against the Dollar on Thursday, across both the official and parallel markets. Analysts link the stability to investor caution ahead of the NBS’s September inflation report.

At the NFEM, the Naira peaked at N1,330.13 mid-day, stronger than the N1,335.50 it touched earlier this week. Higher forex turnover and external reserves, which recently hit an 18-month high, are helping the CBN contain volatility.

The gap between official and parallel rates remains narrow, which experts say reflects balanced liquidity and reduced speculative pressure.