The dollar to naira rate today, Friday, November 13, 2026, stands at about ₦1,358 at the official Nigerian Foreign Exchange Market (NFEM) and roughly ₦1,435 to ₦1,445 on the parallel market. The naira opened the week quietly, but a rush for dollars ahead of the festive season has pushed the street rate to its weakest level in about ten months.
According to Vanguard’s Friday morning report, banks and corporate buyers are using the ₦1,358.34 NFEM weighted average as their reference for early settlements. The interbank segment closed at ₦1,364.00 in the last session it covered. Because the CBN publishes the official closing figure only after trading ends, today’s final number may differ slightly from these morning levels.
Dollar to Naira Today at a Glance
| Market | Rate per $1 | Notes |
|---|---|---|
| Official NFEM weighted average (CBN) | ₦1,358.34 | Benchmark in use for Friday morning settlements |
| NFEM interbank close | ₦1,364.00 | Wednesday, November 11 session |
| NFEM close | ₦1,358.50 | Thursday, November 12; traded between ₦1,348 and ₦1,363.75 |
| Parallel market (Abuja BDC quote) | ₦1,445 | Thursday, November 12, per Nairametrics |
| Parallel market (dealer range) | ₦1,430 to ₦1,440 | Quotes reported on Wednesday, November 11 |
Put simply, a dollar costs around ₦72 to ₦87 more on the street than at the official window, depending on which quote you take.
Official NFEM and CBN Rate Today
The CBN’s published exchange rate follows the NFEM weighted average, so the “CBN rate” and the “NFEM rate” are effectively one figure. Different websites sometimes show a naira or two of difference because some publish the weighted average and others publish the closing price.
It has been a calmer story at the official window than on the street. The naira closed at ₦1,346.79 per dollar on November 6, then drifted through the first half of this week. On Tuesday, the NFEM weighted average was ₦1,350.86. On Wednesday it slipped to ₦1,358.34, a drop of about ₦7.48 in a single session, according to CBN data reported by Tribune. The close that day was ₦1,364.00.
Thursday brought a small recovery. Nairametrics reported that the naira closed at ₦1,358.50 per dollar, stronger than Wednesday’s ₦1,364. Total NFEM turnover on November 11 was about $397.54 million, with roughly $93.01 million of that traded in the interbank segment.
The NFEM does not trade on weekends, so whatever the CBN publishes today will carry through to Monday morning.
Recent NFEM and Black Market Rates
| Date (2026) | NFEM rate (₦/$) | Black market (₦/$) |
|---|---|---|
| Friday, November 6 | 1,346.79 | about 1,400 |
| Monday, November 9 | 1,349.34 | 1,415 to 1,430 |
| Tuesday, November 10 | 1,350.86 | 1,420 to 1,430 |
| Wednesday, November 11 | 1,358.34 | 1,430 to 1,440 |
| Thursday, November 12 | 1,358.50 (close) | 1,445 |
Figures are drawn from CBN data and published market reports. Black market quotes are indicative and differ by dealer and city.
Black Market Dollar to Naira Rate Today
The parallel market is where the pressure is showing. Dealers quoted the dollar at ₦1,430 earlier this week, which several outlets described as the naira’s weakest street level in ten months. By Thursday, Bureau de Change operators in Abuja were quoting ₦1,445, up ₦15 from the day before, and the gap with the official rate widened to ₦86.50.
Other trackers show slightly different numbers. Monierate listed ₦1,440 to buy and ₦1,435 to sell on Thursday afternoon, while AbokiFX showed ₦1,430 earlier in the day. Some aggregator pages still display older figures near ₦1,390 to ₦1,395, so check the timestamp before you trust any single number.
A few practical points if you are buying cash dollars today:
- Ask at least two or three dealers. A ₦10 to ₦15 difference on a $1,000 purchase is ₦10,000 to ₦15,000.
- Rates in Lagos and Abuja can differ, and larger amounts often get a slightly better quote.
- Treat any online rate as a guide, not a guarantee. Dealers adjust through the day.
How Much Is $1 to $10,000 in Naira Today?
The table below converts common dollar amounts at the ₦1,358.34 official benchmark and at the ₦1,445 parallel quote reported on Thursday.
| Dollar amount | At the official rate (₦1,358.34) | At the black market rate (₦1,445) |
|---|---|---|
| $1 | ₦1,358.34 | ₦1,445 |
| $10 | ₦13,583.40 | ₦14,450 |
| $50 | ₦67,917 | ₦72,250 |
| $100 | ₦135,834 | ₦144,500 |
| $500 | ₦679,170 | ₦722,500 |
| $1,000 | ₦1,358,340 | ₦1,445,000 |
| $5,000 | ₦6,791,700 | ₦7,225,000 |
| $10,000 | ₦13,583,400 | ₦14,450,000 |
Why the Naira Is Under Pressure This Week
The main reason is seasonal. Vanguard’s report on today’s market points to year-end import and travel obligations, which tend to lift demand for dollars between now and December. When more buyers chase the same supply of foreign exchange, rates move, first on the street and then, more slowly, at the official window.
The wider gap is also a sign of how quickly the two markets can drift apart. Only a week ago, on November 4, the difference between the official rate (₦1,346.43) and the street rate (₦1,390) was under ₦44. It has roughly doubled since then.
The official market, for now, looks more orderly. The NFEM has traded in a fairly narrow band all week, which suggests supply is still meeting most of the demand reaching the banks.
External Reserves Give the CBN Room to Manage
One reason the official rate has held up is the size of the central bank’s buffer. Nigeria’s gross external reserves stood at $55.133 billion on November 5, according to CBN data reported by Punch and BusinessDay. At the end of October, the figure was $55.22 billion, of which about $54.71 billion was liquid and roughly $509 million was blocked.
| Date | Gross external reserves |
|---|---|
| January 2, 2026 | $45.57 billion |
| July 9, 2026 | $52.73 billion |
| August 24, 2026 | $53.11 billion |
| October 30, 2026 | $55.22 billion |
| November 5, 2026 | $55.133 billion |
Reserves have risen by about $9.66 billion, or 21.19 per cent, since the start of the year. That is already well above the $51.04 billion the CBN projected for the end of 2026 in its macroeconomic outlook. CBN Governor Olayemi Cardoso also told the Senate in July that net external reserves had passed $40 billion.
Naira Still Stronger Than a Year Ago
Despite the recent slide, the naira is in better shape than it was twelve months ago. It traded at ₦1,346.79 on November 6, 2026, compared with ₦1,436.74 on the same date in 2025. That is a gain of about ₦89.95, or 6.26 per cent.
The currency briefly traded around ₦1,370 in February, when the official and parallel markets had almost converged. Cardoso said in July that the naira should stay market-driven and competitive rather than propped up artificially. For traders, that means the rate will keep reacting to demand, including the kind of seasonal demand now building.
What the Rate Means for You
Importers and manufacturers: Anyone who can access the official window pays noticeably less per dollar than on the street, so the gap matters for landing costs and pricing decisions.
Travellers: Cash dollars for trips abroad are being priced at or near the parallel rate. Agree the rate before you hand over money.
Families receiving remittances: The rate you are offered depends on the channel. Compare what your bank, transfer app and local dealer will actually pay out in naira.
Savers and small businesses: A widening gap is a reminder that the dollar price of goods can move faster than official figures suggest.
What to Watch Next
- Today’s NFEM close, which the CBN publishes after trading ends, will show whether Friday’s pressure held or eased.
- The next reserves update, to see whether the buffer stays above $55 billion.
- The parallel market, particularly whether ₦1,445 becomes the new ceiling or a stepping stone to ₦1,450 and beyond.
- December demand, which usually brings the heaviest year-end dollar requests.
Dollar to Naira Today: Frequently Asked Questions
What is the dollar to naira rate today?
About ₦1,358 at the official NFEM, based on the CBN weighted average of ₦1,358.34, and roughly ₦1,435 to ₦1,445 on the black market.
What is the CBN dollar rate today?
The CBN rate follows the NFEM weighted average, so it is about ₦1,358.34 this morning. The final close will be published after trading ends.
What is the black market dollar rate today?
Dealers quoted between ₦1,430 and ₦1,445 over the last two days, with Abuja BDC operators at ₦1,445 on Thursday.
Why is the black market rate higher than the official rate?
The parallel market reflects cash demand that is not being met at the official window, and that demand tends to climb at year end. Dealer margins and local supply also matter.
Does the NFEM trade on weekends?
No. The official rate published on Friday is used until trading resumes on Monday.
How much is $100 in naira today?
About ₦135,834 at the official benchmark and ₦144,500 at the ₦1,445 parallel quote.
Disclaimer: Exchange rates are indicative and change throughout the day. The figures above were compiled on the morning of Friday, November 13, 2026, from CBN data and published market reports. Confirm the rate with your bank or dealer before you transact.
