Dollar To Naira Exchange Rate Today, November 9, 2026: Naira Trades At ₦1,346.79 Officially

The US dollar exchanged at approximately ₦1,346.79 at the official Nigerian Foreign Exchange Market (NFEM) window, while its value in the parallel market ranged between ₦1,415 and ₦1,430 on Monday morning, November 9, 2026.

According to Bush Radio Academy, the latest exchange rate figures provide an update for Nigerians, business owners, importers and other individuals monitoring movements in the country’s foreign exchange market.

At the official market, the dollar-to-naira exchange rate stood at approximately ₦1,346.79, based on the latest available NFEM closing data for Friday, November 6, as published by the Central Bank of Nigeria (CBN).

The NFEM serves as Nigeria’s official foreign exchange trading platform, where the value of the naira against other currencies is influenced by market demand and supply. The November 6 closing figure remains the latest available official rate as trading resumes for the new week.

Meanwhile, in the parallel market, popularly known as the black market, the dollar was exchanged between ₦1,415 and ₦1,430 on Monday morning.

However, the actual rates offered by currency dealers may vary depending on location, the availability of foreign exchange and individual transactions. Unlike the official market, parallel-market rates are not fixed and may fluctuate throughout the day in response to changing demand and supply conditions.

The difference between the official and parallel-market rates stood between ₦68.21 and ₦83.21 per dollar.

Based on the reported figures, individuals seeking to purchase $100 would require approximately ₦134,679 at the official rate, compared with between ₦141,500 and ₦143,000 in the parallel market.

Similarly, purchasing $1,000 would cost approximately ₦1,346,790 at the official rate, while buyers sourcing the same amount through the parallel market would need between ₦1,415,000 and ₦1,430,000.

The disparity highlights the additional financial burden on individuals and businesses that obtain foreign currency through the parallel market rather than the official foreign exchange window.

Nigerians are advised to confirm prevailing exchange rates with authorised financial institutions and currency dealers before conducting transactions, as parallel-market quotations remain subject to changes.

Going forward, movements in foreign exchange supply, market demand and the monetary policies of the Central Bank of Nigeria are among the factors expected to influence the naira’s performance against the US dollar.