Nigerian naira maintains stability near ₦1,330 official rate

The Nigerian naira showed stability at the start of the trading week on September 21, 2026, maintaining a relatively narrow range against the United States dollar. According to Nigerian Foreign Exchange Market (NFEM) data, the official rate was approximately ₦1,331.20 per dollar, a marginal improvement from the previous rate of ₦1,331.28.

A gap persists between the official and parallel markets. While the official benchmark hovered around ₦1,330.65, the parallel market quoted the dollar at approximately ₦1,395, creating a difference of about ₦63.80 per dollar.

In a related development, Nigeria’s external reserves reached an 18-year high of $54.61 billion as of September 14. This figure represents a 30.52 percent increase compared to the same period in 2025, according to Central Bank of Nigeria data.