Dollar to Naira exchange rate today, November 11, 2026
AI Executive Briefing
Gemini Flash AI~45s readAs of November 11, 2026, the Nigerian naira maintains a dual-rate structure with the US dollar. The official NFEM rate sits at approximately ₦1,350, while the parallel market shows higher volatility with rates ranging from ₦1,411 to ₦1,419.
Context & Background
- ✦The NFEM serves as the official benchmark for foreign exchange transactions within Nigeria.
- ✦Parallel market rates are influenced by local supply, demand, and the specific policies of individual Bureau De Change operators.
Key Figures & Named Entities
Nigerian Foreign Exchange Market (NFEM):Official benchmark rate of ₦1,350.36.Parallel Market:Trading range of ₦1,411 to ₦1,419 per dollar.
Outlook & Next Steps
Exchange rates remain subject to fluctuation throughout the day based on market demand and supply; citizens are advised to verify rates with banks or licensed dealers before transacting.
Key Takeaways
AI Summary- The US dollar trades at approximately ₦1,350 at the official Nigerian Foreign Exchange Market (NFEM).
- Parallel market rates for the dollar range between ₦1,411 and ₦1,419 as of November 11, 2026.
- There is a price spread of approximately ₦68.64 between the official NFEM rate and the parallel market selling rate.
Key Facts:November 10, 2026: The official market rate was recorded at approximately ₦1,350.36 per dollar.November 11, 2026: The US dollar is trading at approximately ₦1,350 at the NFEM and between ₦1,411 and ₦1,419 in the parallel market.
Editorial Excerpt
The US dollar is trading at approximately ₦1,350 per dollar at the Nigerian Foreign Exchange Market (NFEM), while the naira exchanges at between ₦1,411 and ₦1,419 per dollar in the parallel market on Wednesday, November 11, 2026.
Frequently Asked Questions About This Story
What is the current difference between the official and parallel market rates?
The difference between the official rate of ₦1,350.36 and the parallel market selling rate of ₦1,419 is approximately ₦68.64 per dollar.
Why do parallel market exchange rates vary?
Rates in the parallel market vary depending on the specific location and the individual Bureau De Change (BDC) operator.
