The naira strengthened against the US dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), closing at N1,333.00/$ on 14 October 2026, compared with N1,335.50/$ recorded on 13 October.
The latest movement represents a N2.50 appreciation, or 0.19%, 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 naira also gained against the dollar, with the rate falling to N1,362.00/$ on 15 October from N1,363.00/$ on 14 October, according to Bureau de Change operators. The N1.00 decline represents a 0.07% appreciation of the naira. The gap between the parallel-market rate and the latest NAFEM rate stood at about N29/$.
Pound, Euro and Canadian Dollar Rates
The British pound weakened slightly against the naira in the parallel market, falling to N1,807.00/£1 from N1,808.00/£1. The N1.00 movement represents a 0.06% appreciation of the naira against sterling.
The euro strengthened against the naira, rising to N1,528.00/€1 from N1,526.00/€1, a N2.00 (0.13%) depreciation of the naira. The Canadian dollar remained unchanged at N959.00/C$1.
Nigeria’s external reserves stood at $55.102 billion as of 13 October 2026, virtually unchanged from $55.101 billion on 12 October, according to CBN figures.
