Nigeria’s naira is trading at around ₦1,331 per dollar in the official foreign exchange market, while the United States currency is quoted as high as ₦1,380 at the parallel market on Monday, October 19, 2026.
The latest market figures indicate that the naira has maintained relative stability in the official market, although the gap between official and parallel-market rates remains a key consideration for individuals and businesses seeking foreign exchange.
According to market data published by Gatekeepers News, the official exchange rate stood at approximately ₦1,331.28 per dollar, while parallel-market dealers quoted the dollar between ₦1,365 and ₦1,380.
Pound Sterling and Euro Exchange Rates
The British pound and the euro also traded at higher levels against the naira in the parallel market.
Indicative rates for Monday showed the pound sterling selling for between ₦1,810 and ₦1,845, while the euro traded between ₦1,520 and ₦1,560, depending on the dealer and transaction location.
The rates are indicative and may vary among banks, licensed Bureau De Change operators and parallel-market dealers.
Factors Influencing the Naira
The naira’s performance continues to depend on foreign exchange supply, demand from importers and businesses, foreign investment inflows, and the Central Bank of Nigeria’s market operations.
The availability of foreign currency remains important for businesses importing raw materials and finished products, as well as Nigerians paying overseas school fees, medical bills and other international expenses.
A sustained improvement in dollar supply could help moderate exchange-rate pressures, while a rise in demand for foreign currency could put renewed pressure on the naira.
Exchange Rate Outlook
Market participants will continue to monitor foreign exchange liquidity and trading activity for signs of further movement in the naira’s value.
For Nigerians buying or selling foreign currency, it is advisable to confirm the prevailing rate with their bank or licensed dealer before completing a transaction, as rates can change during the trading day.
Exchange rates for Monday, October 19, 2026, are indicative and subject to market fluctuations.
