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Tori.ng·September 9, 2026 at 8:06 AM

The Nigerian naira is trading at divergent rates across the country's currency markets, with the parallel or black market rate reaching ₦1,410 per US dollar, according to Tori.ng. The official exchange rate remains significantly lower than what parallel-market traders are quoting, pointing to a widening gap between the two markets. The development highlights continued pressure on Nigeria's foreign exchange system and the challenges authorities face in unifying exchange rates across official and informal channels.

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nairaexchange rateNigeriaforeign exchangeblack market

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