NGN black market rate on Oct 19, 2026: 1,361 per USD
On Monday, October 19, 2026, the US dollar traded at about 1,361 NGN on Nigeria's parallel (black) market at the close of observations so far. The day opened at 1,354 NGN, reached a high of 1,361 and a low of 1,354, a trading range of 6.43 NGN (0.47%).
Across 47 observations, the average price to buy dollars was 1,356 NGN and the average price received when selling dollars was 1,361 NGN. Over the session the Nigerian Naira weakened against the dollar (+0.47% from open to close).
Official rate vs black market rate on Oct 19, 2026
The official exchange rate published for Nigeria on this date was 1,332 NGN per USD. The parallel-market close of 1,361 NGN therefore implied a premium of +2.17% over the official rate — a moderate gap consistent with limited but functioning official access to foreign exchange.
How Oct 19, 2026 compares
Compared with the previous observed day (Oct 18, 2026, close 1,354 NGN), the rate moved +0.47%.
One week earlier (Oct 12, 2026) the close was 1,357 NGN, so the weekly change was +0.27%.
Thirty days earlier (Sep 19, 2026) the close was 1,371 NGN, a -0.78% 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 19, 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 19, 2026?
- The USD to NGN parallel market rate closed at approximately 1,361 NGN per US dollar on Monday, October 19, 2026, after trading between 1,354 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 1,361 NGN, the parallel rate moved +0.47% on Oct 19, 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 1,361 NGN, a premium of +2.17%.
- Was the NGN black market rate higher or lower than the day before?
- Higher: the previous observed close was 1,354 NGN on Oct 18, 2026, a change of +0.47%.
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.