The naira exchanged at varying rates against the United States dollar across the official Nigerian Foreign Exchange Market and the parallel market on Wednesday, September 16, 2026.

According to the latest available official data from the Central Bank of Nigeria, the NFEM rate stood at N1,329.15 per dollar for the September 15 trading session.

The CBN describes the NFEM rate as the volume-weighted average and the official exchange rate for the day.

In the parallel market, the dollar was quoted at about N1,380 for buying and N1,385 for selling, according to Aboki Forex’s latest market update.

The platform noted that its parallel-market rates are updated hourly based on figures collected from dealers across major Nigerian cities.

This means buyers looking to purchase $1 in the parallel market may need about N1,385, while those selling a dollar could receive around N1,380, depending on the dealer, location and transaction size.

The difference between the NFEM rate and the parallel-market selling rate stood at about N55.85 per dollar.

The gap between the official rate and the parallel-market buying rate stood at about N50.85.

The spread between the two markets remains an important indicator for businesses and individuals who rely on foreign exchange for imports, international payments, tuition, travel and other dollar-denominated transactions.

Market rates can change during the day as dollar supply and demand fluctuate.

Aboki Forex also cautioned that parallel-market rates may vary by location, dealer and transaction size.

For official transactions, the applicable exchange rate will depend on the authorised financial institution and the prevailing NFEM rate, while parallel-market transactions may attract different buying and selling rates.

As of Wednesday, September 16, 2026, the latest figures showed the dollar at N1,329.15 at the NFEM, while the parallel market stood at around N1,380 buying and N1,385 selling.