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Nigerian naira (NGN) exchange rate today — official vs market

Nigeria · Nigerian naira (NGN). Official rate as of Sep 21, 2026 · Market data fetched Sep 23, 4:00 AM GMT. All rates = units of local currency per 1 US dollar.

Official (per $1)1,327.78official · CBN
Market (per $1)1,373.89parallel · Bybit P2P
Premium vs official+3.47%Market vs official (positive = market weaker)
Coveragelive
Central bank policy rate26.50%Monetary Policy Rate · Central Bank of Nigeria · effective 2026-07-21 · source

Premium history

-0.54%0.00%2.3%5.0%Aug 25Sep 7Sep 212026-08-25: +3.01%2026-08-26: +3.24%2026-08-27: +3.44%2026-08-30: +3.35%2026-08-31: +3.50%2026-09-01: +3.57%2026-09-02: +4.51%2026-09-03: +3.84%2026-09-06: +3.43%2026-09-07: +3.58%2026-09-08: +3.16%2026-09-09: +3.18%2026-09-10: +3.16%2026-09-13: +2.99%2026-09-14: +3.22%2026-09-15: +2.98%2026-09-16: +3.06%2026-09-17: +3.03%2026-09-20: +3.02%2026-09-21: +3.20%

20 observed days · Aug 25 – Sep 21 · no interpolation

  • 7-day change-0.03 pp
  • Min / max (observed range)3.0% / 4.5%
  • Volatility (std dev of daily premium)0.37%
  • Continent rank16th widest of 54

Context

The Nigerian naira currently trades at a premium of +3.47% — the 16th widest gap of the 54 African currencies we track. That places it in the friction band (2–10%), where spreads often reflect liquidity, fees, or access costs rather than acute scarcity.

Related coverage

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