NGN black market rate on Oct 9, 2026: 1,357 per USD
On Friday, October 9, 2026, the US dollar traded at about 1,357 NGN on Nigeria's parallel (black) market at the close of observations. The day opened at 1,360 NGN, reached a high of 1,360 and a low of 1,351, a trading range of 9.3 NGN (0.69%).
Across 269 observations, the average price to buy dollars was 1,355 NGN and the average price received when selling dollars was 1,360 NGN. Over the session the Nigerian Naira strengthened against the dollar (-0.21% from open to close).
Official rate vs black market rate on Oct 9, 2026
The official exchange rate published for Nigeria on this date was 1,331 NGN per USD. The parallel-market close of 1,357 NGN therefore implied a premium of +1.96% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Oct 9, 2026 compares
Compared with the previous observed day (Oct 8, 2026, close 1,360 NGN), the rate moved -0.21%.
One week earlier (Oct 2, 2026) the close was 1,342 NGN, so the weekly change was +1.12%.
Thirty days earlier (Sep 9, 2026) the close was 1,365 NGN, a -0.54% move over the month.
How this daily figure is produced
ETCurrency samples Nigeria's USD/NGN parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Oct 9, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Nigerian Naira black market rate on Oct 9, 2026?
- The USD to NGN parallel market rate closed at approximately 1,357 NGN per US dollar on Friday, October 9, 2026, after trading between 1,351 and 1,360 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,360 to a close of 1,357 NGN, the parallel rate moved -0.21% on Oct 9, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,331 NGN per USD versus a parallel close of 1,357 NGN, a premium of +1.96%.
- Was the NGN black market rate higher or lower than the day before?
- Lower: the previous observed close was 1,360 NGN on Oct 8, 2026, a change of -0.21%.
Figures are aggregated parallel-market observations for Nigeria in UTC and are indicative only; they are not a quote to trade. See the full USD → Nigerian Naira history or today's live rate.