NGN → USD Rates

NFEM (Official) Rate

Official Market:

• Buying: ₦ 1,420.59/ USD

Parallel Market:

• Buying: ₦ 1,465/ USD
• Selling: ₦ 1,475/ USD

Market Drivers: Government officials and economists remain optimistic about the currency’s performance for the remainder of 2026. Finance Minister Wale Edun recently noted that the “consolidation phase” of the economy is yielding results, with inflation expected to average around 16.5% this year—a sharp decline from the peaks seen two years ago.

Outlook:​ The Central Bank’s Economic Policy Directorate has also projected a stabilization of the Naira, supported by higher oil receipts and stronger structural reforms.