Naira Exchange Rate Rises Against Dollar on September 28
On September 28, 2026, the Nigerian currency, Naira (₦), was traded at ₦1,331.3292 per US dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marked an increase from the previous day's rate of ₦1,329.5138 per dollar.
In contrast, the parallel market (black market) rate for the Naira closed at ₦1,382 to the dollar on the same day. The rates offered by commercial banks, Bureau de Change (BDC) operators, and other foreign exchange dealers may vary from these reference rates due to transaction margins and the prevailing demand and supply conditions.
Market participants are expected to closely monitor 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.
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