As of the morning of Monday, March 23, 2026, the exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) is showing some slight volatility but remains within a relatively steady range for the start of the week.
Current Exchange Rates (Estimated)
| Market Type | Rate (1 USD to NGN) |
| Official Rate (NAFEM) | ₦1,358.00 |
| Parallel Market (Black Market) | ₦1,410.00 – ₦1,425.00 |
Market Breakdown
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Official Window: The morning session opened with a slight upward nudge, moving from approximately ₦1,353 at midnight to ₦1,358 as of 7:20 AM. This represents a minor depreciation of about 0.35% in the early hours.
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Parallel Market: While the official rate sits lower, the street rate continues to carry a premium, generally trading between ₦1,410 and ₦1,425 depending on the volume and the specific location (Lagos, Abuja, or Kano).
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Trend: The market is currently characterized by cautious trading as participants wait for the Central Bank’s early-week cues.
Note: Exchange rates can change rapidly throughout the day based on demand and liquidity. These figures are indicative of the morning’s opening trends.
