NGN black market rate on Oct 18, 2026: 1,354 per USD
On Sunday, October 18, 2026, the US dollar traded at about 1,354 NGN on Nigeria's parallel (black) market at the close of observations. The day opened at 1,354 NGN, reached a high of 1,361 and a low of 1,351, a trading range of 10.54 NGN (0.78%).
Across 288 observations, the average price to buy dollars was 1,354 NGN and the average price received when selling dollars was 1,360 NGN. Over the session the Nigerian Naira was broadly flat against the dollar (+0.00% from open to close).
Official rate vs black market rate on Oct 18, 2026
The official exchange rate published for Nigeria on this date was 1,332 NGN per USD. The parallel-market close of 1,354 NGN therefore implied a premium of +1.64% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Oct 18, 2026 compares
Compared with the previous observed day (Oct 17, 2026, close 1,354 NGN), the rate moved +0.01%.
One week earlier (Oct 11, 2026) the close was 1,363 NGN, so the weekly change was -0.61%.
Thirty days earlier (Sep 18, 2026) the close was 1,371 NGN, a -1.22% 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 18, 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 18, 2026?
- The USD to NGN parallel market rate closed at approximately 1,354 NGN per US dollar on Sunday, October 18, 2026, after trading between 1,351 and 1,361 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,354 to a close of 1,354 NGN, the parallel rate moved +0.00% on Oct 18, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,332 NGN per USD versus a parallel close of 1,354 NGN, a premium of +1.64%.
- Was the NGN black market rate higher or lower than the day before?
- Higher: the previous observed close was 1,354 NGN on Oct 17, 2026, a change of +0.01%.
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.