The Nigerian naira opened the new week relatively stable against the United States dollar, with the official exchange rate remaining lower than the parallel-market rate.

At the Nigerian Foreign Exchange Market, the dollar is trading at about N1,326.84 as of Monday, September 14, 2026.

In the parallel market, the dollar is being bought for around N1,380 and sold for about N1,390.

This creates a gap of roughly N63 between the official rate and the parallel-market selling rate.

At the current parallel-market rate, 100 dollars would cost about N139,000, while 1,000 dollars would require approximately N1.39 million.

The naira’s recent stability has been linked to improved dollar liquidity and efforts by the Central Bank of Nigeria to stabilise the foreign exchange market.

However, analysts say the exchange rate could still be affected by factors including foreign exchange liquidity, crude oil earnings, external reserves, diaspora remittances, investor inflows and monetary policy decisions.

Market participants are expected to closely monitor trading at the official market this week to see whether the naira can maintain its recent stability.