NGN black market rate on Oct 12, 2026: 1,362 per USD
On Monday, October 12, 2026, the US dollar traded at about 1,362 NGN on Nigeria's parallel (black) market at the close of observations so far. The day opened at 1,363 NGN, reached a high of 1,363 and a low of 1,362, a trading range of 0.26 NGN (0.02%).
Across 16 observations, the average price to buy dollars was 1,362 NGN and the average price received when selling dollars was 1,364 NGN. Over the session the Nigerian Naira was broadly flat against the dollar (-0.01% from open to close).
Official rate vs black market rate on Oct 12, 2026
The official exchange rate published for Nigeria on this date was 1,330 NGN per USD. The parallel-market close of 1,362 NGN therefore implied a premium of +2.42% over the official rate — a moderate gap consistent with limited but functioning official access to foreign exchange.
How Oct 12, 2026 compares
Compared with the previous observed day (Oct 11, 2026, close 1,363 NGN), the rate moved -0.02%.
One week earlier (Oct 5, 2026) the close was 1,361 NGN, so the weekly change was +0.12%.
Thirty days earlier (Sep 12, 2026) the close was 1,362 NGN, a +0.01% 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 12, 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 12, 2026?
- The USD to NGN parallel market rate closed at approximately 1,362 NGN per US dollar on Monday, October 12, 2026, after trading between 1,362 and 1,363 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,363 to a close of 1,362 NGN, the parallel rate moved -0.01% on Oct 12, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,330 NGN per USD versus a parallel close of 1,362 NGN, a premium of +2.42%.
- Was the NGN black market rate higher or lower than the day before?
- Lower: the previous observed close was 1,363 NGN on Oct 11, 2026, a change of -0.02%.
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.