Naira depreciates against dollar at official FX market

…Black market (Buying and selling rates): N1,370— N1,377

The Nigerian naira depreciated against the United States (US) dollar, trading at N1,332.9728 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Tuesday, October 13th, 2026.

The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,332.9728 per dollar and closed at N1,335.5000 per dollar.

ALSO READ: IMF identifies next steps after Nigeria’s N4.65trn bank recapitalisation

The currency, which traded at an NFEM rate of N1,332.0960 on October 12th, 2026, depreciated by at least N0.88, after trading activities on Tuesday.

At the parallel market, the buying rate increased by N5 while the selling rate increased by N4, when compared to the previous trading rate on Monday, October 12th, 2026.

According to Aboki FX  , the Naira-to-dollar exchange rate at the black market Tuesday, October 13th, 2026, was N1,370 and N1,377 per dollar for buying and selling rates, respectively.