The dollar-to-naira exchange rate remained subject to active monitoring on Wednesday, September 2, 2026, as the local currency traded at varying values across Nigeria’s formal and informal currency channels.
At the Nigerian Foreign Exchange Market (NFEM), the Central Bank of Nigeria’s most recent figures indicated the naira trading at N1,329.43 per US dollar on September 1, with the currency concluding at N1,329.00 against the dollar. The NFEM rate is computed using the volume-weighted average of trades within the official window.
Consequently, the latest official NFEM figure places $1 at roughly N1,329.43, whereas $100 equals approximately N132,943.
Meanwhile, the unofficial street market continued to price the greenback higher than the official NFEM benchmark.
Real-time figures published on September 2 by Aboki Forex indicated the dollar purchasing at roughly N1,400 and retailing at N1,405 in the parallel market.
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An additional market aggregator, NairaToday, recorded the parallel-market dollar near N1,410 per dollar, highlighting the disparities that emerge among traders and regions throughout the un-regulated segment.
The disparity between the official NFEM valuation and unofficial street prices underscores the ongoing divergence between regulated foreign currency operations and values driven by open supply and demand dynamics outside the commercial banking network.
For individuals exchanging foreign currency, actual figures may differ based on the trader, geographic location, deal volume, and current trading conditions. Unofficial rates frequently fluctuate throughout the day.
Therefore, as of September 2, the latest official NFEM standard stood at approximately N1,329.43/$1, while street vendors were offering the greenback within the range of N1,400-N1,410.
These metrics remain prone to additional shifts as currency exchange activities progress over the day.
