Naira Exchange Rate: How Much $100, $500 And $1,000 Are Worth Today

The US dollar was quoted at ₦1,331.45 against the Nigerian naira on Thursday, October 22, 2026, based on the latest available indicative currency-rate data.

According to Bush Radio Academy, the figure provides an indication of the dollar’s value against the naira, although the precise Central Bank of Nigeria (CBN) and Nigerian Foreign Exchange Market (NFEM) rates for the day could not be independently confirmed at the time of reporting.

In the parallel market, the latest available figures from the previous day indicated that Bureau de Change operators were buying the dollar at approximately ₦1,370 and selling it at ₦1,375. However, these figures have not been confirmed as the prevailing rates for Thursday, October 22.

Exchange rates in the parallel market may vary depending on the location, dealer and amount being exchanged. Individuals and businesses are therefore advised to confirm current quotations before carrying out foreign exchange transactions.

Using the indicative rate of ₦1,331.45 per dollar, $100 is equivalent to ₦133,145, while $500 amounts to ₦665,725. Similarly, $1,000 is worth approximately ₦1,331,450.

These conversions are estimates based on the stated indicative rate and may differ from the actual amount received when exchanging dollars through a bank or Bureau de Change operator.

The CBN publishes official exchange-rate information through its established channels, while rates quoted in the formal and parallel markets may differ. Customers are advised to check with their banks or authorised dealers for the applicable rates before completing transactions.