The black market dollar-to-naira exchange rate remains a key concern for Nigerians monitoring foreign exchange prices as the new trading week begins on Monday, October 26, 2026. Published market updates show differences in the rates quoted by currency trackers and news outlets, with the latest available figures ranging from around ₦1,370 to ₦1,390 per dollar, depending on the source and update time.
According to AbokiFx, the dollar was quoted at ₦1,369.50 for buying and ₦1,374.27 for selling as of 6:17 a.m. on Monday. Within Nigeria also reported a parallel-market quotation of about ₦1,372 per dollar based on an Aboki Forex update from Sunday night.
However, other exchange-rate publications continue to list higher figures, highlighting the differences that can occur across dealers, locations and market trackers.
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Black Market Dollar to Naira Rate Today
The following table summarises the reported dollar-to-naira quotations available from selected sources for October 26, 2026.
| Source | Buying Rate | Selling Rate | Update details |
|---|---|---|---|
| AbokiFx | ₦1,369.50 | ₦1,374.27 | Oct. 26, 6:17 a.m. |
| Aboki Forex, as reported by Within Nigeria | ₦1,372 | ₦1,377 | Sunday night update |
| NairaToday | ₦1,375 | ₦1,390 | Oct. 26 report |
| Investors King | ₦1,375 | ₦1,390 | Oct. 26 report |
| Gatekeepers News | ₦1,370 | ₦1,385 | Oct. 26 report |
These figures are published quotations and may not reflect the exact price offered by every currency dealer. Rates can vary according to location, dollar availability, transaction size and the time a quotation is obtained.
How Much Is $100, $500 and $1,000 in Naira Today?
Using AbokiFx’s reported selling rate of ₦1,374.27 per dollar, the estimated naira equivalents of selected US dollar amounts are shown below.
| Dollar Amount | At ₦1,374.27 per Dollar |
|---|---|
| $1 | ₦1,374.27 |
| $50 | ₦68,713.50 |
| $100 | ₦137,427 |
| $200 | ₦274,854 |
| $500 | ₦687,135 |
| $1,000 | ₦1,374,270 |
| $2,000 | ₦2,748,540 |
| $5,000 | ₦6,871,350 |
These calculations use the published selling rate as a reference. The actual amount required to purchase dollars may differ depending on the dealer’s quotation and any applicable transaction charges.
Official Dollar to Naira Exchange Rate Today
The latest official figures identified in Within Nigeria’s October 26 report relate to Friday, October 23, when the Nigerian Foreign Exchange Market (NFEM) weighted-average rate stood at approximately ₦1,361.84 per dollar. The closing rate was reported at around ₦1,370 per dollar.
The official rate and parallel-market quotations are not necessarily identical because they relate to different market channels and transactions. The official market figures may also be updated as new trading data becomes available.
For this reason, individuals and businesses should confirm the applicable exchange rate with their banks or authorised foreign exchange providers before making payments or exchanging currencies.
Why Do Black Market Dollar Rates Differ?
The differences in published dollar-to-naira rates can be attributed to several factors.
Location: Currency dealers in Lagos, Abuja, Kano and other cities may offer different prices depending on local demand and dollar availability.
Demand and supply: Increased demand for dollars from importers, travellers, students and businesses can influence the prices offered by dealers.
Dealer margins: Currency dealers may set different buying and selling rates depending on their operating costs, risk assessments and desired margins.
Update times: Some publications update their figures early in the morning, while others use quotations from the previous evening or an earlier trading session.
These factors explain why one source may report a selling rate of ₦1,374 while another publishes a figure closer to ₦1,390 on the same date.
What Is the Outlook for the Naira?
The naira’s movement against the US dollar will depend on developments in the official foreign exchange market, the availability of foreign currency and demand from businesses and individuals.
Reuters reported on October 22 that the naira was under pressure alongside Uganda’s currency, with seasonal import demand and investor profit-taking contributing to concerns about further weakness. Street trading rates were reported at around ₦1,370 per dollar at the time.
However, a single day’s quotation is insufficient to determine the naira’s future direction. Exchange rates may rise or fall as market conditions change, and published estimates should not be treated as guaranteed prices for future transactions.
The black market dollar-to-naira exchange rate for Monday, October 26, 2026, varies across published sources. AbokiFx reported a buying rate of ₦1,369.50 and a selling rate of ₦1,374.27 early on Monday, while other publications listed higher quotations reaching ₦1,390 per dollar.
The differences underline the importance of checking the update time and source before relying on a particular figure. Readers should confirm the latest quotation with a reputable currency dealer before buying or selling dollars.
Disclaimer: Exchange rates are indicative, may change throughout the day and may differ between dealers. This report is for informational purposes only and does not guarantee the rate available for an actual transaction.
