The US dollar is exchanging at approximately ₦1,357.84 against the naira at the official foreign exchange market, while parallel-market dealers are quoting between ₦1,411 and ₦1,435 per dollar on Thursday, November 12, 2026.
The latest available official reference rate, published for Wednesday, November 11, puts the dollar at ₦1,357.84, according to figures attributed to the Central Bank of Nigeria (CBN).
Meanwhile, the parallel market continues to trade above the official window, with buying and selling prices varying among currency dealers and locations across the country.
The official exchange rate stood at ₦1,357.84 per dollar on November 11, representing an increase of ₦7.48 from the previous published rate of ₦1,350.36 on November 10.
The official market operates through the Nigerian Foreign Exchange Market (NFEM), which serves as the benchmark for authorised foreign exchange transactions.
Dollar to naira black market rate today
In the parallel market, commonly known as the black market, the dollar is quoted at approximately ₦1,411 for buying and ₦1,419 to ₦1,435 for selling.
This means individuals selling $100 could receive approximately ₦141,100, while those purchasing the same amount could pay between ₦141,900 and ₦143,500.
However, actual exchange rates may differ depending on the location, dealer and amount involved.
Dollar to naira conversion today
Based on the official reference rate of ₦1,357.84, the following are the naira equivalents of selected dollar amounts:
– $10 = ₦13,578.40
– $50 = ₦67,892
– $100 = ₦135,784
– $500 = ₦678,920
– $1,000 = ₦1,357,840
At the parallel-market selling rate of ₦1,419, the same amounts translate to:
– $10 = ₦14,190
– $50 = ₦70,950
– $100 = ₦141,900
– $500 = ₦709,500
– $1,000 = ₦1,419,000
Difference between official and black market rates
The difference between the official reference rate of ₦1,357.84 and the parallel-market selling rate of ₦1,419 is ₦61.16 per dollar.
For a $100 transaction, this represents a difference of ₦6,116 between the two markets.
The figures highlight the continuing gap between Nigeria’s official foreign exchange market and the parallel market.
