The dollar to naira rate today, Thursday, November 12, 2026, is about ₦1,350.86 at the official Nigerian Foreign Exchange Market (NFEM), going by the last rate the Central Bank of Nigeria (CBN) published. On the street, dealers are quoting the dollar at ₦1,430 to ₦1,440, the weakest the naira has looked in the parallel market in ten months.
That leaves a gap of roughly ₦80 between the two markets, and it has been growing all week.
Dollar to naira today at a glance
| Market | Rate per $1 | Basis |
|---|---|---|
| Official NFEM / CBN rate | ₦1,350.86 | CBN-published rate, Tuesday, November 10 |
| NFEM closing rate | ₦1,353.50 | Tuesday, November 10 |
| Parallel (black) market | ₦1,430 to ₦1,440 | Dealer quotes, Wednesday night to Thursday morning |
| Gap between the two | About ₦80 (5.93%) | BusinessDay calculation |
One caution before going further. The NFEM figure above comes from the most recent CBN data carried by the major newspapers. Aboki Forex, a widely followed rate tracker, listed the CBN rate at ₦1,358.34 early on Thursday morning, which would mean the official rate slipped again during Wednesday’s session. Wednesday’s full closing data had not been widely reported when this article was written, so check the CBN website for the final number.
Official NFEM and CBN rate today
The naira has been losing ground in small steps since the start of November. It closed October at ₦1,346 and has drifted to the ₦1,350 area since then.
On Tuesday, November 10, the CBN’s data showed the naira trading at an average of ₦1,350.86 per dollar and closing at ₦1,353.50, according to Nairametrics and Tribune Online. That was a loss of ₦3.50 from Monday’s close of ₦1,350. Monday’s published rate was ₦1,349.34.
Trading volumes tell a mixed story. Total NFEM turnover was $368.80 million on November 9, with $210.38 million of it in the interbank segment. On Tuesday, interbank turnover rose to $248.07 million across 144 deals. That is a lot more activity than on November 2, when total turnover collapsed to $227.18 million from $583.33 million three days earlier.
Here is how the official and parallel rates have moved over the past ten days:
| Date (2026) | NFEM rate (₦/$) | Black market (₦/$) |
|---|---|---|
| Mon, November 2 | 1,346.01 (close) | About 1,390 |
| Thu, November 5 | 1,350.45 (close) | 1,400 to 1,415 |
| Fri, November 6 | 1,346.79 | 1,390 to 1,415 |
| Mon, November 9 | 1,349.34 | 1,410 |
| Tue, November 10 | 1,350.86 (close 1,353.50) | 1,425 |
| Wed, November 11 | Not yet confirmed | 1,430 |
The NFEM does not trade on weekends, so Friday’s rate carried through to Monday morning. Thursday’s official rate will be published once the market closes for the day.
Black market dollar to naira rate today
The parallel market has been far more nervous than the official window. BusinessDay reported that the naira fell to ₦1,430 per dollar on Wednesday, down from ₦1,410 on Monday and ₦1,425 on Tuesday. That is a ten-month low.
Dealers tracked by Monierate quoted a buying rate of ₦1,428 and a selling rate of ₦1,415 earlier in the week, while Aboki Forex’s early Thursday reading was ₦1,430 to buy and ₦1,440 to sell. Street rates differ from one operator to the next, and a Lagos dealer may quote you something different from a Kano or Abuja one. Treat any single number as a guide, not a promise.
Two things are pushing the street rate up. December is close, and demand for dollars always rises as people plan travel, school fees abroad and end-of-year imports. BusinessDay also pointed to election-related spending as an added source of demand for the greenback.
How much is $1 to $10,000 in naira today?
These conversions use the last confirmed CBN rate of ₦1,350.86 and the black market rate of ₦1,430.
| Dollar amount | At the official rate (₦) | At the black market rate (₦) |
|---|---|---|
| $1 | 1,350.86 | 1,430 |
| $10 | 13,508.60 | 14,300 |
| $50 | 67,543 | 71,500 |
| $100 | 135,086 | 143,000 |
| $500 | 675,430 | 715,000 |
| $1,000 | 1,350,860 | 1,430,000 |
| $5,000 | 6,754,300 | 7,150,000 |
| $10,000 | 13,508,600 | 14,300,000 |
On $1,000, the difference between the two markets is almost ₦80,000. On $10,000, it is close to ₦800,000.
What is moving the naira this week
Seasonal and election demand: Currency traders say the pressure on the parallel market is largely about timing. Festive spending and election-related demand arrive together, and the street market reacts first.
A slower build in reserves: Nigeria’s gross external reserves stood at $54.93 billion by the middle of this week, down $330 million from the $55.22 billion recorded on October 30. They are still far above where the year began. Reserves opened 2026 at $45.57 billion, and October’s gain of $295.35 million was the smallest monthly addition of the year. Reserves hit $55.133 billion as recently as November 5, so the dip is recent.
A strong US dollar: Nairametrics noted that the dollar has held onto gains against major currencies, which adds to the pressure on the naira in the official window.
A market-driven policy: CBN Governor Olayemi Cardoso said in July that the naira has to stay market-driven and competitive, rather than propped up artificially. That is why the official rate moves by a naira or two a day, not in big jumps.
The bigger picture: naira still stronger than a year ago
The recent slide looks less dramatic against the longer trend. On November 6, 2025, the naira traded at ₦1,436.74 to the dollar. On November 6, 2026, it was ₦1,346.79, a gain of ₦89.95 or 6.26% over twelve months. It started 2026 at around ₦1,446. Between July 1 and September 30, the naira gained about 2.88%, according to NFEM data.
October was less kind. The naira lost about 1.2% at the official window that month, and November has so far added a few more naira to the dollar’s price.
The reserves tell a similar story. The CBN has said net usable reserves are now above $40 billion, compared with $859 million when the current administration took office in 2023. Analysts say the narrowing gap between the official and parallel markets will depend on steady dollar supply from exporters and foreign investors.
What to watch next
- Whether the official rate settles above ₦1,350 in Thursday’s session or pulls back toward ₦1,346.
- Whether the black market holds at ₦1,430 or climbs further as December approaches.
- The next update to the CBN’s reserves figures, especially if the dip below $55 billion deepens.
- NFEM turnover, since thin trading often comes before a sharper move.
Dollar to naira today: frequently asked questions
What is the dollar to naira rate today?
About ₦1,350.86 at the official NFEM, based on the latest CBN-published rate, and ₦1,430 to ₦1,440 on the black market.
What is the CBN dollar rate today?
The CBN’s published rate follows the NFEM weighted average. The last confirmed figure is ₦1,350.86 for Tuesday, November 10, and Aboki Forex lists ₦1,358.34 early Thursday.
What is the black market dollar rate today?
Between ₦1,430 and ₦1,440 per dollar, depending on the dealer and the city.
How much is $100 in naira today?
About ₦135,086 at the official rate and ₦143,000 on the black market.
Why is the black market rate higher than the official rate?
Demand for dollars outside the banking system is rising ahead of the festive season and election spending, and supply is thinner there than at the official window.
Does the NFEM trade on weekends?
No. The market opens on business days only, so Saturday and Sunday rates carry over from Friday.
Exchange rates change through the day. Check the CBN website or your bank for the rate that applies to your transaction.
