Naira to Dollar Exchange Rate Today, October 30, 2026: Official Rate Holds at N1,346.86

The Nigerian Naira maintained stability against the United States Dollar on Friday, October 30, 2026, as exchange rates remained relatively steady across the official and parallel foreign exchange markets.

At the Nigerian Foreign Exchange Market (NFEM), the Naira traded at N1,346.86 per dollar during early morning transactions. The rate reflects continued stability in the official market amid efforts to improve foreign exchange liquidity.

Commercial banks and corporate importers reportedly experienced orderly market conditions, with demand for foreign currency to settle trade obligations, tuition fees and capital repatriation being met through authorised channels.

Meanwhile, the parallel market, popularly known as the black market, recorded slightly higher exchange rates. Bureau De Change operators and street traders in major cities, including Lagos, Abuja and Kano, quoted buying rates at approximately N1,375 per dollar.

The selling rate in the parallel market stood at around N1,385 per dollar, leaving a relatively narrow gap between the official and unofficial exchange rates.

Financial analysts attributed the Naira’s performance to sustained liquidity support from the Central Bank of Nigeria (CBN), healthy diaspora inflows and the country’s foreign reserve position, which was reported to remain above $55 billion.

The reserve buffer is expected to help the CBN manage short-term foreign exchange demand pressures and support stability across the market.

Market experts expect the Naira to maintain its relatively steady position throughout Friday’s trading session as routine foreign exchange demand continues to be absorbed by available liquidity.