The naira maintained relative stability against the United States dollar on Tuesday, August 25, 2026, as traders continued to monitor developments in the official and parallel foreign exchange markets.
The latest available Nigerian Foreign Exchange Market data put the naira at about N1,346.49 per dollar.
The official closing rate was N1,346.90 per dollar in the most recent confirmed trading session.
The Central Bank of Nigeria (CBN) says the NFEM rate is derived from the volume-weighted average of transactions in the official market.
A live USD/NGN market benchmark on Tuesday morning was around N1,347.26 to the dollar.
This indicated that the currency was trading close to its recent official-market levels.
In the parallel market, the dollar was quoted at about N1,400 per dollar on Tuesday, according to the latest Aboki Forex data.
This puts the street-market premium at roughly N53.10 above the latest official closing rate.
At the parallel-market rate of N1,400 per dollar, $100 would exchange for about N140,000.
At the same rate, $1,000 would be worth approximately N1.4 million.
The latest figures show that the gap between the official and parallel markets has remained relatively contained compared with periods of severe foreign exchange volatility.
The naira had strengthened in the official market in recent sessions.
On August 21, the NFEM rate stood at N1,346.49 per dollar, while the dollar closed at N1,346.90.
The currency had traded between N1,342 and N1,348 during that session.
The naira’s recent performance has been supported by improved foreign exchange liquidity and stronger external reserves.
CBN data cited in recent market reports showed Nigeria’s external reserves at about $52.66 billion as of August 19.
For Nigerians and businesses buying or selling dollars, the actual rate may vary depending on the bank, Bureau de Change operator, location, transaction size and prevailing market conditions.
Parallel-market quotations are also subject to changes during the day as dollar demand and supply shift.
