The Naira experienced a depreciation in value against the United States dollar, both in the parallel market and the Nigerian Foreign Exchange Market.

In the parallel market, the Naira fell to N1,537 per dollar from N1,535 per dollar on Wednesday. Similarly, in the NFEM, the Naira depreciated to N1,498 per dollar from N1,485.5 per dollar on Tuesday, marking a depreciation of N12.5.

According to data from the Central Bank of Nigeria, this shift in exchange rates led to a narrowing of the margin between the parallel market rate and the NFEM rate to N39 per dollar from N49.95 per dollar on Tuesday.

As of today, September 18, 2025, the exchange rate stands at 1 USD = 1,496.31 NGN, showing a slight increase of 0.01% compared to the previous day. Over the past week, the Naira has seen fluctuations, with rates ranging between 1,496.10 NGN and 1,502.30 NGN per USD.