NGN → USD Rates
NFEM (Official) Rate
Official Market:
- Buying: ₦ 1,432.00/ USD
Parallel Market:
- Buying: ₦ 1,485.00/ USD
- Selling: ₦ 1,500.00/ USD
Market Drivers: Imported goods and living costs continue to react quickly to any movement in the foreign exchange market. Analysts attribute the relative stability to balanced demand for school fees and seasonal imports.
OUTLOOK: Attention is now turning to the Central Bank of Nigeria’s policy stance for the first quarter of 2026. Investors are watching closely for signals on increased dollar supply to authorized dealers.