ABUJA, Nigeria — October 22, 2026 — The Nigerian naira traded relatively steadily against the United States dollar, with the official exchange rate hovering around ₦1,337 per dollar as investors and businesses continued to monitor developments in the foreign exchange market.

Available market data showed that the naira closed at approximately ₦1,337 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, October 21, reflecting a marginal movement from the previous trading session.

At the parallel market, currency dealers quoted the dollar at approximately ₦1,365 for buying and ₦1,380 for selling, although rates may vary across locations and individual Bureau De Change operators.

The difference between the official and parallel-market rates highlights the continuing importance of foreign exchange liquidity and access to dollars for businesses and individuals.