Naira depreciates against dollar at official FX market

…Black market (Buying and selling rates): N1,373— N1,378

The Nigerian naira depreciated against the United States (US) dollar, trading at N1,344.4049 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window Thursday, October 22nd 2026.

The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1344.4049 per dollar and closed at N1,3365.0000 per dollar.

The currency, which traded at an NFEM rate of N1,334.7233 on October 21st, 2026, depreciated by at least N10.32, after trading activities on Thursday.

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At the parallel market, the buying rate increased by N2, while the selling rate increased by N5, when compared to the previous trading rate on Wednesday, October 21st, 2026.

According to Aboki FX , the Naira-to-dollar exchange rate at the black market on Thursday, October 22nd, 2026, was N1,375 and N1,383 per dollar for buying and selling rates, respectively.