Naira to Dollar exchange rate today, Thursday, October 15, 2026

The Nigerian naira stayed fairly steady versus the United States dollar on Thursday, October 15, 2026, trading around 1,330 to 1,333 at the main forex market, while rates in the parallel market varied in between 1,355 and 1,390.

The currency’s efficiency comes amidst altering forex trading volumes and financier care ahead of the release of Nigeria’s September inflation report by the National Bureau of Statistics (NBS).

Main market records minimal motion

At the Nigerian Foreign Exchange Market (NFEM), the naira traded within a narrow variety, with intraday tracking information showing a rate of about 1,330.13 at one point throughout the day.

The efficiency represents relative stability compared to earlier in the week, when the currency supposedly deteriorated to around 1,335.50 per dollar.

Enhanced forex turnover and more powerful external reserves have actually likewise been determined as aspects supporting stability in the main market, although currency exchange rate stay subject to modifications in dollar supply and need.

Parallel market rates stay greater

In the parallel market, Bureau De Change operators and street currency dealerships estimated purchasing rates in between 1,355 and 1,365 per dollar.

Offering rates varied from 1,375 to 1,390, depending upon the place, dealership and deal size.

The distinction in between the authorities and parallel market rates stayed reasonably restricted, recommending that the space in between the 2 markets had actually not broadened considerably.

The priced quote rates might differ throughout places and private currency dealerships.

Inflation report in focus

Market individuals are likewise keeping track of financial indications ahead of the release of the September Consumer Price Index report by the NBS.

The inflation figures might affect market belief and expectations about the nation’s financial outlook.

In the meantime, the naira’s reasonably narrow trading variety recommends that the currency has actually kept some stability throughout both markets, although future motions will depend upon forex liquidity, dollar need and more comprehensive financial advancements.