The naira traded at about ₦1,390 per dollar in the parallel market on Thursday, November 5, 2026. The latest available official NFEM rate was approximately ₦1,347.30, while Bureau De Change operators were buying at around ₦1,380 and selling at ₦1,390.
Latest: Dollar to naira today: official and black market rates (live tracker)
Key Highlights
- Latest available official NFEM rate: about ₦1,347.30 per dollar.
- Parallel market operators were buying at around ₦1,380 and selling at about ₦1,390.
- The difference between the NFEM figure and parallel-market selling quote is about ₦42.70 per dollar.
- At ₦1,390 per dollar, $100 costs about ₦139,000, $500 ₦695,000 and $1,000 ₦1.39 million.
- Quotes can vary by location and change during the trading day.
Official and parallel market dollar rates
The Central Bank of Nigeria identifies the NFEM rate as the official exchange rate. The latest available NFEM figure used in this report is approximately ₦1,347.30 per dollar. The parallel-market quotes supplied by BDC operators were about ₦1,380 to buy and ₦1,390 to sell.
The difference between the latest available NFEM figure and the parallel-market selling quote is approximately ₦42.70 per dollar. The CBN publishes official exchange-rate data on its NFEM exchange-rates page.
How much are $100, $500 and $1,000 in naira?
At the approximate parallel-market selling rate of ₦1,390 per dollar, the conversions are:
| Dollar amount | Naira equivalent |
|---|---|
| $100 | ₦139,000 |
| $500 | ₦695,000 |
| $1,000 | ₦1,390,000 |
These estimates exclude any additional charges from currency dealers. At the latest available NFEM figure of ₦1,347.30, $1,000 is approximately ₦1,347,300, a difference of about ₦42,700 from the parallel-market selling quote.
Why the dollar-to-naira rate matters
The gap between official and parallel-market quotes reflects differences in supply, demand and liquidity across the foreign-exchange market. It matters to individuals and businesses with international tuition, medical, import, travel or other payment needs.
Rates vary among BDC operators and locations and may change during the day. Confirm a quote with your bank or a licensed foreign-exchange dealer before making a transaction.
Read also:
- Dollar to Naira Exchange Rate Today, November 4: Black Market Sells At N1,390
- Dollar to Naira Exchange Rate Today: Official and Black Market Rates (Live Tracker)
- Dollar to Naira Exchange Rate Today, November 6, 2026: Naira Trades at ₦1,400/$ on Black Market
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