The US dollar is trading at about ₦1,332.49 in Nigeria’s official market (NFEM) on Monday, October 12, 2026. In the parallel market, outlets report rates around ₦1,370 for buying and ₦1,380 for selling, with another report citing about ₦1,385.
Reporting also highlights the difference between the official and parallel rates. One source frames the spread as roughly a 4.2% gap and discusses how that may affect buyers, businesses, and households trying to source foreign exchange. Across outlets, the central point is the same: the naira’s official value is lower than rates paid in informal trading, indicating continued divergence between the two markets on the day.
