Naira Exchange Rate Today, 30 September 2026
Official and black market rates for the dollar, pound, euro and other currencies.
Official market rates
CBN data showed the naira at ₦1,331.33 to the dollar on Monday, 28 September. That compares with ₦1,329.51 on Sunday. Early trading on Tuesday then showed quotes between ₦1,321 and ₦1,327. As a result, the naira stayed in a narrow band. Earlier this month, the currency reached ₦1,315 per dollar on 3 September. That marked its strongest level in about two years.
Currency rates table
The table below compares official and black market rates for six currencies.
| Currency | CBN official (₦) | Black market buy (₦) | Black market sell (₦) | Quote date |
|---|---|---|---|---|
| US Dollar (USD) | 1,331.33 | 1,375 | 1,385 | 28–29 Sept |
| British Pound (GBP) | 1,780 | 1,830 | 1,880 | 28 Sept |
| Euro (EUR) | 1,529 | 1,560 | 1,600 | 28 Sept |
| Canadian Dollar (CAD) | N/A | N/A | 1,040 | 21 Sept |
| Chinese Yuan (CNY) | N/A | N/A | 208.80 | 29 Sept |
| Central African CFA (XAF) | N/A | 2.25 | N/A | 21 Sept |
Official pound and euro figures are approximate. Canadian dollar and CFA franc rates come from single dealer quotes, so treat them as a guide only.
Black market rates
In the parallel market, dealers quote the dollar at ₦1,375 to buy and ₦1,385 to sell. The gap with the official rate is about ₦54, or roughly 4 percent. Meanwhile, the pound sells for about ₦1,880 and the euro for about ₦1,600. The dollar also eased from ₦1,405 on 2 September to ₦1,382 on 28 September. Still, dealers in different cities may quote slightly different prices.
What is driving the naira
Strong reserves give the CBN room to meet dollar demand. Reserves rose from $45.57 billion on 2 January to $54.86 billion on 24 September, a gain of 20.4 percent. In addition, the CBN cut the Monetary Policy Rate to 23 percent from 26.5 percent at its 21 to 22 September meeting. It left the Cash Reserve Ratio at 45 percent. Analysts now watch dollar inflows and demand as the third quarter ends.
Tips before you trade
Compare quotes before you exchange money. Banks, bureau de change operators and street dealers all add their own margins. For example, a dealer may sell the dollar above the black market average. Therefore, ask for the full price first. Also avoid large cash deals with unknown sellers.
Sojworldnews will update this report when the CBN publishes the next closing rate. This report gives information only and does not offer financial advice.
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