The dollar to naira rate today, Monday, November 9, 2026, starts the week at about ₦1,346.79 on the official Nigerian Foreign Exchange Market (NFEM), which is Friday’s closing rate. On the parallel market, popularly called the black market, dealers are quoting between ₦1,390 and ₦1,415 per dollar. Some trackers show the buying rate as high as ₦1,428.
Monday matters because the NFEM trades only on business days, so the official figure has been frozen since Friday evening. Fresh data should come in as the session progresses. Until it does, ₦1,346.79 is the number to work with.
Dollar to Naira Today at a Glance
| Market | Rate (₦ per $1) | Basis |
|---|---|---|
| Official NFEM / CBN rate | ₦1,346.79 | Friday, November 6 close |
| Parallel market (selling) | ₦1,390 to ₦1,415 | Dealer quotes, November 8 to 9 |
| Parallel market (buying, highest reported) | ₦1,428 | Monierate, November 8 |
| Gap between official and street rates | ₦43 to ₦68 | About 3.2% to 5.1% |
Official NFEM and CBN Rate: A Small Recovery to End the Week
The naira spent most of last week drifting the wrong way before it found its feet on Friday. It opened November with a marginal slip to ₦1,347.94 on Monday, November 2, then edged back to ₦1,346.93 on Tuesday, though it closed that session at ₦1,347.75. Wednesday’s volume-weighted average was ₦1,347.80, with a close of ₦1,348.00. Thursday brought a small weakening to ₦1,348.74. On Friday it recovered to close at ₦1,346.79.
None of this amounts to much. The official window moved by a naira or two at a time all week.
The CBN’s reference rate follows the NFEM weighted average, which is calculated from the volume of the day’s trades. That means “CBN rate today” and “NFEM rate today” are effectively the same figure. The closing rate is simply the price at the end of the session, and it can sit a few naira away from the average.
| Date (2026) | NFEM rate (₦/$) | Black market (₦/$) |
|---|---|---|
| Mon, November 2 | 1,347.94 | about 1,390 |
| Tue, November 3 | 1,346.93 (close 1,347.75) | 1,390 to 1,395 |
| Wed, November 4 | 1,347.80 (close 1,348.00) | about 1,390 |
| Thu, November 5 | 1,348.74 | about 1,390 |
| Fri, November 6 | 1,346.79 | 1,390 to 1,415 |
| Sun, November 8 | 1,346.79 (weekend, no trading) | 1,390 to 1,415 |
Black-market figures vary by tracker and by city, so treat them as approximate.
Black Market Dollar to Naira Rate Today
The street market has been jumpier than the official window, and that is where last week’s real movement happened. Dealers held the dollar at about ₦1,390 for most of the week. By Friday, quotes had moved up to ₦1,400, and some Lagos operators went as high as ₦1,415 to ₦1,420. The weekend rate settled at ₦1,415 on Aboki Forex, while Monierate listed ₦1,428 to buy and ₦1,415 to sell.
A few sources still show ₦1,390. The difference comes down to who is reporting, which city, and what time of day. A dealer in Lagos may quote a different price from one in Kano or Abuja. If you plan to buy or sell cash today, phone around before you commit.
The spread matters. At ₦1,415, the parallel market is about ₦68 above the official rate, or roughly 5%. At ₦1,390, it is closer to ₦43, or about 3.2%. The gap was narrower in early November.
How Much Is $1 to $10,000 in Naira Today?
The table below uses the official rate of ₦1,346.79 and the parallel-market selling rate of ₦1,415. Treat the second column as an estimate, since street rates change through the day.
| Dollar amount | At the official rate (₦) | At the parallel rate (₦) |
|---|---|---|
| $1 | 1,346.79 | 1,415 |
| $5 | 6,733.95 | 7,075 |
| $10 | 13,467.90 | 14,150 |
| $20 | 26,935.80 | 28,300 |
| $50 | 67,339.50 | 70,750 |
| $100 | 134,679 | 141,500 |
| $200 | 269,358 | 283,000 |
| $500 | 673,395 | 707,500 |
| $1,000 | 1,346,790 | 1,415,000 |
| $5,000 | 6,733,950 | 7,075,000 |
| $10,000 | 13,467,900 | 14,150,000 |
Why the Naira Has Held Within a Narrow Range
The naira has recently traded in a band of roughly ₦1,330 to ₦1,370, and today’s rate sits near the middle of it. A few things explain the calm.
Reserves are strong: Nigeria’s external reserves stand at about $55.2 billion. That gives the Central Bank room to step in when pressure builds. Late last month, the CBN reportedly sold $950 million to banks and authorised dealers to ease liquidity gaps and support the naira.
The year-long trend favours the naira: It opened 2026 at around ₦1,446 per dollar, so today’s official rate is nearly 7% stronger. NFEM data also show the naira gained ₦39.50 between July 1 and September 30, an improvement of roughly 2.88%. October was less kind, and the naira gave back part of those gains before recovering to about ₦1,346 by the end of the month.
The CBN points to reform: The apex bank has credited ongoing foreign exchange reforms, deeper market liquidity and greater transparency for what it calls improved relative stability.
Stronger reserves do not guarantee a steady currency, though. Demand for dollars from importers, students paying fees abroad and travellers can shift quickly, and the parallel market tends to react first.
What to Watch This Week
- Monday’s NFEM close: Whether the rate drifts back toward ₦1,346 or slips past ₦1,350 will set the tone for the week.
- The size of the street premium: A gap that keeps widening toward ₦70 would suggest rising demand outside the official window.
- Reserve movements: Any fall in reserves, or fresh CBN dollar sales, would be a signal worth noting.
- Seasonal demand: The run-up to December usually brings more demand for foreign currency, from travel, school fees and year-end imports.
Other Currencies Against the Naira
Rates for the pound and euro move with the dollar. Recent figures put the pound at roughly ₦1,820 to ₦1,830 and the euro at about ₦1,520 to ₦1,525 on the official side, while the euro sold near ₦1,580 on the street over the weekend. These are indicative and may differ from what your bank or bureau de change quotes.
Frequently Asked Questions
What is the dollar to naira rate today?
About ₦1,346.79 officially, based on Friday’s close, and ₦1,390 to ₦1,415 on the black market.
What is the CBN dollar rate today?
The CBN rate tracks the NFEM weighted average, so it is the same figure: roughly ₦1,347 to ₦1,349 over the past week.
How much is $100 in naira today?
About ₦134,679 at the official rate and ₦139,000 to ₦141,500 on the street.
Why is there a difference between the official and black-market rates?
The official rate comes from regulated trades on the NFEM. The parallel rate reflects cash demand and supply among bureau de change operators and street dealers, which is why it is usually higher.
Why is there no new official rate at weekends?
The NFEM operates on business days only. The Friday close stays in place until trading resumes on Monday.
Rates are indicative and change throughout the day. Confirm with your bank, a licensed bureau de change or the CBN before you transact.
