ABUJA, October 30, 2026 – The Nigerian naira continued to trade under pressure against major international currencies, with the United States dollar exchanging at approximately ₦1,390 in the parallel market on Friday.
In the official foreign exchange market, the dollar was quoted at ₦1,346.91, based on the latest reported Central Bank of Nigeria (CBN) figures for Thursday, October 29.
Market data showed that the dollar traded between ₦1,375 and ₦1,390 in the parallel market, although rates may vary depending on location and individual currency dealers.
Other major currencies also recorded significant values against the naira, with the British pound trading at approximately ₦1,870 and the euro at about ₦1,560 in the parallel market.
Exchange Rates Today – October 30, 2026
| Currency | Official Market | Parallel Market |
|---|---|---|
| US Dollar ($1) | ₦1,346.91 | ₦1,375–₦1,390 |
| British Pound (£1) | ₦1,794.08 | ₦1,820–₦1,870 |
| Euro (€1) | ₦1,498.57 | ₦1,520–₦1,560 |
The naira’s recent performance comes amid fluctuations in foreign exchange supply and demand, as well as developments in Nigeria’s external reserves and international currency markets.
Analysts say sustained foreign exchange inflows, improved dollar liquidity and effective monetary policy implementation remain important to maintaining exchange rate stability.
The performance of the naira is particularly important to businesses and consumers, as movements in the exchange rate influence the cost of imported goods, petroleum products, raw materials, machinery and other essential commodities.
Market participants will continue to monitor the CBN’s foreign exchange policies and dollar supply conditions for indications of the naira’s direction in the coming trading sessions.
Note: Exchange rates are indicative and subject to changes. Official rates are based on the latest reported figures, while parallel-market rates may differ among dealers.
