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Naira exchange rate fluctuates amid US dollar demand
On Monday, October 26, 2026, the US dollar continued to trade at a premium in Nigeria's parallel market compared to official rates. In the black market, the dollar's selling price was reported between ₦1,385 and ₦1,390, while buying rates ranged from approximately ₦1,370 to ₦1,375.
The official market benchmark was reported at approximately ₦1,361 per dollar. The parallel market rates remain a critical metric for Nigerians managing costs for international transactions, business payments, and travel due to varying access to foreign currency through traditional banking channels.
On the preceding day, Sunday, October 25, the official reference rate was approximately ₦1,331.56 per dollar, with black market quotations sitting between ₦1,370 and ₦1,385.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] On October 25, 2026, the official reference exchange rate was approximately ₦1,331.56 per dollar. osundefender.com
- [○ 1 SOURCE] Black market rates on October 25, 2026, were quoted between ₦1,370 and ₦1,385. osundefender.com
- [● 2 SOURCES] The black market selling rate for the US dollar was between ₦1,385 and ₦1,390 on October 26, 2026. ekohotblog.com
- [○ 1 SOURCE] The official market benchmark was approximately ₦1,361 per dollar on October 26, 2026. ekohotblog.com
- [● 2 SOURCES] The black market buying rate for the US dollar was approximately ₦1,370 to ₦1,375 on October 26, 2026. ekohotblog.com