The Nigerian Naira (NGN) opened the new trading week displaying relative stability across both the official Central Bank of Nigeria (CBN) window and the parallel (black) market on Monday, October 26, 2026.
In the official market, official figures from the Central Bank of Nigeria reflect the United States Dollar exchanging at ₦1,361.84, while the British Pound Sterling stands at ₦1,821.46 and the Euro trades at ₦1,525.12.
Meanwhile, across major parallel market hubs in Lagos, Abuja, and Kano, Bureau De Change (BDC) operators continue to trade foreign currencies at slight premiums based on real-time liquidity and demand levels.
Official CBN Exchange Rates Today:
- US Dollar (USD): ₦1,361.84
- British Pound (GBP): ₦1,821.46
- Euro (EUR): ₦1,525.12
Parallel (Black) Market Exchange Rates Today:
- US Dollar (USD):
- Buy Rate: ₦1,372 – ₦1,375
- Sell Rate: ₦1,377 – ₦1,390
- British Pound (GBP):
- Buy Rate: ₦1,820 – ₦1,850
- Sell Rate: ₦1,850 – ₦1,880
- Euro (EUR):
- Buy Rate: ₦1,525 – ₦1,550
- Sell Rate: ₦1,560 – ₦1,590
Financial analysts attribute the narrowing spread between the official and parallel market windows to sustained external reserves and ongoing FX liquidity interventions across the banking sector.






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