Market News
Naira dips, sheds N17/$ at official FX market - NIGERIAN TRIBUNE
…Black market (Buying and selling rates): N1,370— N1,377
The Nigerian naira depreciated against the United States (US) dollar, trading at N1,361.8394 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Friday, October 23rd, 2026.
The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,361.8394 per dollar and closed at N1,370.0000 per dollar.
The currency, which traded at an NFEM rate of N1344.4049 on October 22nd, 2026, depreciated by at least N17.43 after trading activities on Friday.
At the parallel market, the buying rate decreased by N3, while the selling rate decreased by N6, when compared to the previous trading rate on Thursday, October 22nd, 2026.
According to AbokiFX, the Naira-to-dollar exchange rate at the black market on Friday, October 23rd, 2026, was N1,370 and N1,377 per dollar for buying and selling rates, respectively.
