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Dollar to Naira exchange rate update – October 19, 2026
VIA VANGUARD:
The naira opened the week fairly stable. The official NFEM rate is about ₦1,333.54 per dollar, while the parallel market rate remains higher.
| Market | Rate (₦/$) |
|---|---|
| Official NFEM | 1,333.54 |
| Parallel (buying) | 1,375 |
| Parallel (selling) | 1,390 |
The gap between the official rate and the parallel selling rate is about ₦56.46 per dollar.
Last week: The naira closed Friday, October 16, at about ₦1,332.26 officially, while the dollar sold for around ₦1,370 in the parallel market.
Parallel market quotes are indicative and vary by dealer, location and transaction size. Rates may also shift during the day, so confirm with your bank or a licensed dealer before transacting.
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