Naira Exchange Rate Rises Slightly Against Dollar on October 2
On October 2, 2026, the Nigerian currency, Naira (₦), was reported to have an exchange rate of ₦1,330.0965 per US dollar at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This rate reflects a minor increase from the previous day's rate of ₦1,329.1600 per dollar.
In contrast, the Naira closed at ₦1,382 to the dollar in the parallel market (black market). The rates offered by commercial banks, Bureau de Change (BDC) operators, and other foreign exchange dealers may vary from the reference rates due to transaction margins and the prevailing demand and supply conditions.
Market participants are expected to continue monitoring foreign exchange inflows, the demand for dollars, and CBN policies to assess whether the Naira can maintain its gains throughout the month.
Plus234Feed summary based on reporting from Naijanews. Read the original report below.
Read full article
Continue on Naijanews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Dollar to Naira Exchange Rate on August 1, 2026
G7 Plans 100 Million Barrel Release as Oil Prices Drop
Dangote Refinery Halts Petrol Sales to Importers in Nigeria
Dangote Refinery Stops Petrol Sales to Importers Over Quality
Nigerian Stock Market Dips 0.12% Despite Gains in Insurance
Naira Declines to N1,332.90/$ Amid Mixed FX Trading
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
