The naira weakened marginally against the US dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), closing at N1,329.00/$ on 24 September 2026, compared with N1,328.00/$ recorded on 23 September.
The latest movement represents a N1.00 depreciation, or 0.08%, in the value of the naira at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN).
In the parallel market, the dollar held steady at N1,374.00/$ on 25 September, unchanged from N1,374.00/$ the previous day, according to Bureau de Change operators. The gap between the parallel-market rate and the latest NAFEM rate stood at about N45/$.
Pound, Euro and Canadian Dollar Rates
The British pound strengthened slightly against the naira in the parallel market, rising to N1,819.00/£1 from N1,817.00/£1. The N2.00 movement represents a 0.11% depreciation of the naira against sterling.
The euro also strengthened, rising to N1,565.00/€1 from N1,562.00/€1, a N3.00 (0.19%) depreciation of the naira.
The Canadian dollar, however, weakened against the naira, falling to N971.00/C$1 from N974.00/C$1, representing a N3.00, or 0.31%, appreciation of the naira against the Canadian currency.
External Reserves
Nigeria’s external reserves rose to $54.834 billion as of 23 September 2026, up from $54.808 billion on 22 September, a gain of 0.05%, according to CBN figures.
