Dollar to Naira exchange rate today, October 6, 2026
The Nigerian naira showed limited volatility on October 6, 2026, trading at ₦1,332.90 in the official market and ₦1,357 in the parallel market. The narrowing gap between these rates suggests a trend toward market convergence and improved liquidity.
Why it matters
Currency stability is crucial for Nigeria's economic planning and investor confidence, as the country continues to manage foreign exchange pressures.
Layer 1 The naira traded within a relatively narrow range against the US dollar on Tuesday, October 6, 2026, with the local currency quoted at about ₦1,332.90 per dollar in the Nigerian Foreign Exchange Market (NFEM), while the parallel market rate stood around ₦1,357 per dollar.
Data from the Central Bank of Nigeria (CBN) showed that the naira depreciated slightly at the official market, with the dollar rising to ₦1,332.90 from ₦1,332 recorded at the previous weekend’s close.
In the parallel market, the naira appreciated to about ₦1,357 per dollar from ₦1,362 at the weekend, according to market data reported on Tuesday.
The movement left the gap between the NFEM and parallel market rates at about ₦24.10 per dollar, narrower than the ₦30 spread recorded over the weekend.
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