On October 9, 2026, the naira remained largely stable, with the official [Nigerian Foreign Exchange Market (NFEM)](https://www.cbn.gov.ng/Markets/foreignexchange.asp) quoting roughly 1,329.34 naira per US dollar while the parallel market priced the dollar near 1,385, indicating limited volatility as the fourth quarter unfolds.
**Key points**
- The official window held between 1,327 and 1,332 naira per dollar during early October.
- The black‑market rate settled at about 1,385 naira per dollar.
- The [Central Bank of Nigeria](https://www.cbn.gov.ng/) continues to manage liquidity and adjust policy to support the currency.
- Analysts say strong foreign reserves and steady trade flows are anchoring the naira within this corridor.
- Market watchers will keep an eye on foreign‑exchange turnover and reserve movements as the year ends.
**What is the current official rate?**
The NFEM window has been trading in a narrow band, oscillating around 1,329.34 naira to the dollar, with daily fluctuations staying within the 1,327‑1,332 range.
**How does the black‑market rate compare?**
Parallel market dealers are offering the US dollar at roughly 1,385 naira, creating a spread that reflects ongoing demand from retail users and alternative liquidity channels.
**Why is the naira stable now?**
Financial experts point to robust foreign‑exchange reserves, consistent trade inflows, and the CBN’s active liquidity management as the main reasons preventing the sharp swings seen in previous quarters.
The situation will be monitored closely as external reserve levels and FX turnover evolve through the final months of 2026.