The dollar is selling for ₦1,419 at Nigeria’s parallel foreign exchange market, while the naira trades at ₦1,350.36 at the official window, leaving a difference of ₦68.64 per dollar.
Latest: Dollar to naira today: official and black market rates (live tracker)
Key Highlights
- The dollar sells for ₦1,419 and buys at about ₦1,411 on the parallel market on Wednesday, November 11, 2026.
- The official NFEM rate was ₦1,350.36 on Tuesday, November 10.
- The gap between the official and parallel market selling rates is ₦68.64 per dollar.
- Buying $100 on the black market costs about ₦6,864 more than at the official benchmark.
- Parallel market rates may vary by location and dealer.
The exchange rate figures for Wednesday, November 11, 2026, show that Nigerians purchasing foreign currency from bureau de change operators are paying more than the official market benchmark.
Parallel Market Rates
At the parallel market, currency dealers are buying the dollar at approximately ₦1,411 and selling at ₦1,419.
This means Nigerians selling $100 to bureau de change operators would receive about ₦141,100, while those buying the same amount would pay approximately ₦141,900.
Similarly, purchasing $500 at the prevailing selling rate would cost about ₦709,500, while $1,000 would require approximately ₦1.419 million.
Official Market Rate
At the official Nigerian Foreign Exchange Market (NFEM), the dollar traded at ₦1,350.36 on Tuesday, November 10.
The difference between the official and parallel market selling rates means that purchasing $100 on the black market would cost about ₦6,864 more than the official benchmark.
The exchange rate disparity reflects the difference in dollar prices across Nigeria’s foreign exchange markets, where rates are influenced by currency supply, demand and market activities.
Read also:
- Naira Trades at ₦1,430/$ on Parallel Market, ₦1,346.51 Officially on November 10, 2026
- CBN Stablecoin Rules Explained: ₦10bn Capital, Reserves, Redemption and BVN Checks for P2P Platforms
- Dangote Slashes Diesel Price by ₦120 as Petrol Landing Cost Drops to ₦1,072
The development remains significant for individuals and businesses that depend on foreign currency for international transactions, imported goods, travel expenses, school fees and other overseas payments.
However, parallel market rates may vary across locations depending on dollar availability and individual currency dealers.
Customers are advised to confirm prevailing exchange rates with their banks and licensed foreign exchange operators before carrying out transactions.
The naira to dollar exchange rate remains subject to fluctuations as activities in the official and parallel markets continue. For daily exchange rate updates, follow us on X.
