Market News
Naira trades at N1,334 against dollar at official FX market - NIGERIAN TRIBUNE
…Black market (Buying and selling rates): N1,367 — N1,375
The Nigerian naira depreciated against the United States (US) dollar, trading at 1,334.7233 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Wednesday, October 21st, 2026.
The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of 1,334.7233 per dollar and closed at N1,337.0000 per dollar.
The currency, which traded at an NFEM rate of N1,333.6467 on October 20th, 2026, depreciated by at least N1.08, after trading activities on Wednesday.
At the parallel market, both the buying and selling rate increased by N3 when compared to the previous trading rate on Tuesday, October 20th, 2026.
According to AbokiFX, the Naira-to-dollar exchange rate at the black market on Wednesday, October 21st, 2026, was N1,367 and N1,375 per dollar for buying and selling rates, respectively.
