In the parallel market, dealers in major commercial centres quoted the dollar at about N1,370 for buying and between N1,374 and N1,380 for selling. This left a gap of roughly N48 to N54 between the official and informal market rates.
At the prevailing rates, $1,000 was worth about N1.326 million at the official market and roughly N1.374 million in the parallel market. Exchange rates remain subject to change during trading as demand, supply and liquidity conditions shift.
Your reaction
Story guide
Understand this story
Summary
The naira traded around N1,326 to the US dollar at the official foreign exchange market on September 25, while parallel-market dealers quoted the dollar between N1,374 and N1,380. The naira remained relatively stable against the United States dollar on Friday, September 25, 2026, trading around N1,326/$ at the Nigerian Foreign Exchange Market. Intraday rates moved between about N1,325.82...
Key takeaways
- The naira traded around N1,326 to the US dollar at the official foreign exchange market on September 25, while parallel-market dealers quoted the dollar between N1,374 and N1,380.
- The naira remained relatively stable against the United States dollar on Friday, September 25, 2026, trading around N1,326/$ at the Nigerian Foreign Exchange Market.
- Intraday rates moved between about N1,325.82 and N1,327.00, compared with the previous session鈥檚 closing rate of N1,328/$.In the parallel market, dealers in major commercial centres quoted the dollar at about N1,370 for buying and between N1,374 and N1,380 for selling.
Article FAQ
What is this story about?
The naira traded around N1,326 to the US dollar at the official foreign exchange market on September 25, while parallel-market dealers quoted the dollar between N1,374 and N1,380. The naira remained relatively stable against the United States dollar on Friday, September 25, 2026, trading around N1,326/$ at the Nigerian Foreign Exchange Market. Intraday rates moved between about N1,325.82...
Who published this story?
Glow 99.1 FM published this story with Babatunde Ademola Fadewo listed as author.
When was it published?
September 25, 2026
