The Nigerian naira is trading at approximately ₦1,384.31 per dollar in the parallel market on Saturday, October 31, 2026, according to exchange rate figures reported by Gistreel from AbokiFX.
The reported buying rate is ₦1,378.55 per dollar, while the selling rate stands at ₦1,384.31, representing a difference of ₦5.76.
At the official foreign exchange market, the latest available Nigerian Foreign Exchange Market (NFEM) rate was approximately ₦1,346.91 per dollar on Thursday, October 29, according to figures attributed to the Central Bank of Nigeria (CBN).
The official market does not publish a fresh trading rate on Saturdays because it does not operate over the weekend. Consequently, Thursday’s figure remains the latest available benchmark for the weekend.
There is a difference of approximately ₦37.40 between the reported parallel market selling rate of ₦1,384.31 and the latest official NFEM rate of ₦1,346.91.
Dollar to naira exchange rate today
Based on the reported parallel market figures, the exchange rates are:
- Parallel market buying rate: ₦1,378.55 per dollar.
- Parallel market selling rate: ₦1,384.31 per dollar.
- Latest official NFEM rate: Approximately ₦1,346.91 per dollar.
The buying rate represents how much naira a Bureau De Change operator pays someone selling dollars, while the selling rate is what customers pay when purchasing the US currency.
How much is $100 in naira today?
Using the reported parallel market rates, $100 is worth approximately ₦137,855 at the buying rate and ₦138,431 at the selling rate.
At the latest official NFEM rate of ₦1,346.91, $100 is equivalent to approximately ₦134,691.
The actual amount received or paid may vary depending on the transaction, location, dealer and applicable exchange rate.
Naira exchange rate outlook
The latest figures show that the parallel market continues to trade above the official foreign exchange benchmark.
However, exchange rates may change depending on dollar demand, availability and market conditions. Rates quoted by individual BDC operators may also differ across locations.
Nigerians purchasing dollars for travel, school fees, business transactions and other international payments are therefore advised to confirm the prevailing rate with their financial institution or licensed foreign exchange provider before completing a transaction.
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