Dollar to Naira Exchange Rates Today, October 24, 2026: Official Rate ₦1,361.83, Black Market ₦1,385

Nigeria’s foreign exchange market continues to attract attention as Nigerians monitor the value of the naira against the United States dollar amid changing market conditions.

The dollar-to-naira exchange rate remains an important economic indicator for Nigerians, particularly importers, business owners, travellers, students paying overseas tuition fees, and individuals receiving money from abroad.

As of Saturday, October 24, 2026, available market data shows differences between the official foreign exchange market and the parallel market, commonly known as the black market.

Official Dollar to Naira Exchange Rate Today

According to exchange-rate information published for October 24, the official dollar-to-naira rate is approximately ₦1,362 per dollar on one market-tracking platform. However, other published figures differ, highlighting the importance of checking the latest rates before carrying out a transaction.

The Central Bank of Nigeria (CBN) publishes official foreign exchange data through the Nigerian Foreign Exchange Market (NFEM). The official rate serves as a reference for transactions conducted through regulated financial institutions.

For the most accurate official figures, Nigerians can consult the CBN’s exchange-rate records.

Black Market Dollar to Naira Rate Today

In the parallel market, dollar rates vary depending on the dealer, location, and amount being exchanged.

Market data published on October 24 by AbokiFx indicated a buying rate of approximately ₦1,373.59 per dollar and a selling rate of approximately ₦1,378.82 per dollar.

These figures are indicative and may change throughout the day. Rates offered by individual Bureau De Change operators may also differ.

Anyone buying or selling dollars should confirm the prevailing rate with a licensed operator before completing a transaction.

How Much Is $100 in Naira Today?

Using the indicative parallel-market rates published by AbokiFx, the estimated value of selected dollar amounts is as follows:

• $1: Approximately ₦1,374–₦1,379
• $10: Approximately ₦13,736–₦13,788
• $50: Approximately ₦68,680–₦68,941
• $100: Approximately ₦137,359–₦137,882
• $500: Approximately ₦686,795–₦689,410
• $1,000: Approximately ₦1,373,590–₦1,378,820

These calculations use the reported buying and selling rates and are estimates, not guaranteed transaction amounts.

Factors Affecting the Dollar-to-Naira Exchange Rate

Several factors influence the naira’s performance against the dollar. These include the availability of foreign currency, demand from importers, international trade, foreign investment, and developments in Nigeria’s monetary policy.

Oil export earnings also matter because crude oil remains a major source of foreign exchange for Nigeria.

When demand for dollars rises faster than available supply, pressure may build on the naira. Conversely, improved foreign currency inflows and greater market liquidity can help support exchange-rate stability.

What Nigerians Should Know

The difference between the official and parallel-market rates means that individuals may receive different amounts depending on where and how they exchange their money.

The buying rate is the amount a dealer pays when purchasing dollars from a customer, while the selling rate is the amount a customer pays to purchase dollars from the dealer.

Nigerians are advised to verify current rates before making financial decisions and to use authorised foreign exchange channels.

Disclaimer: Exchange rates fluctuate and may vary between banks, licensed Bureau De Change operators, and other providers. The figures above are indicative rates reported for October 24, 2026, rather than a guarantee of the rate available to every customer.