The exchange rates for the US Dollar (USD) to the Nigerian Naira (NGN) for Saturday, March 21, 2026, have stabilized following the volatility seen earlier in the week.
With the official market closed for the weekend, the street rates are now the primary focus for weekend transactions.
Parallel Market (Black Market) Rates
Activity in the parallel market remains cautious this morning as the market absorbs the news of the fuel price hike and the conclusion of the Eid-el-Fitr holiday.
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Buying Rate: ₦1,445
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Selling Rate: ₦1,460
Official Market (NAFEM) Rates
As today is Saturday, the Nigerian Autonomous Foreign Exchange Market (NAFEM) is closed. The figures below reflect the final closing data from the trading session on Friday evening, which will stand as the official rate until the market reopens on Monday morning.
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Official Closing Rate: ₦1,352.62
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Intraday High: ₦1,368.00
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Intraday Low: ₦1,352.49
Market Summary
The Naira closed the official work week on a relatively strong note, holding steady around the ₦1,352 mark. However, the spread between the official and parallel markets has widened to approximately ₦107. This gap is largely attributed to increased demand on the street as businesses prepare for the final week of March and respond to the recent upward adjustment in petroleum prices.
