The naira maintained relative stability against the United States dollar at the start of the new trading week, even as the gap between the official and parallel market rates persisted.

Data on the Nigerian Foreign Exchange Market showed the dollar exchanging at about N1,326.84 as at Monday, September 14, 2026.

In the parallel market, however, the dollar was being bought at around N1,380 and sold at about N1,390, figures that mirror the rate recorded at the close of trading last week.

This leaves a gap of roughly N63.16 between the official NFEM rate and the parallel market’s selling price for the dollar.

Nigerians seeking to purchase dollars on the parallel market would need about N139,000 to acquire $100, while $1,000 would cost approximately N1.39 million at the prevailing selling rate.

Conversely, someone offering $100 for sale on the parallel market, where the buying rate stands at N1,380, would receive about N138,000 in return.

The naira’s steadiness has been linked to improved dollar liquidity and ongoing efforts by the Central Bank of Nigeria to stabilise the foreign exchange market.

Recent trading on the NFEM has kept the official rate within the N1,320 to N1,330 band, while the parallel market has hovered close to N1,390.

The disparity between both markets stems from their differing pricing structures and liquidity dynamics, with the NFEM rate shaped by transactions within Nigeria’s regulated foreign exchange framework, and parallel market rates driven largely by demand and supply among Bureau de Change operators and other informal dealers.

Going forward, the dollar-naira exchange rate is expected to remain sensitive to foreign exchange liquidity levels, crude oil earnings, the state of external reserves, diaspora remittance inflows, investor participation, and monetary policy direction.

Market watchers will be paying close attention to NFEM trading through the week for indications of whether the naira can hold on to its recent gains against the dollar.