Dollar to Naira exchange rate today, November 2, 2026
AI Executive Briefing
Verified Synthesis~36s readThe Nigerian Foreign Exchange Market (NFEM) and the parallel market are two major segments of Nigeria’s foreign exchange market, with rates varying according to currency supply, demand and market conditions. Central Bank of Nigeria Dollar to naira black market rate today In the parallel market, commonly known as the black market, currency dealers quoted the dollar at approximately ₦1,380.59 for buying and ₦1,386.36 for selling as of Sunday, November 1.
Context & Background
- ✦Official NFEM exchange rate Data published by the Central Bank of Nigeria (CBN) showed that the naira traded at an average rate of ₦1,346.2565 per dollar on Friday, October 30, the latest available official trading data ahead of Monday’s session.
Key Figures & Named Entities
Monday:As of Monday, November 2, 2026, the latest available figures indicate that the official NFEM rate stood at ₦1,346.26 per dollar, while the parallel market quoted the dollar at approximately ₦1,386.36.Friday:Official NFEM exchange rate Data published by the Central Bank of Nigeria (CBN) showed that the naira traded at an average rate of ₦1,346.2565 per dollar on Friday, October 30, the latest available official trading data ahead of Monday’s session.₦1,346.00:The official market also recorded a closing rate of ₦1,346.00 per dollar, reflecting a marginal improvement from the previous trading session.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The Nigerian Foreign Exchange Market (NFEM) and the parallel market are two major segments of Nigeria’s foreign exchange market, with rates varying according to currency supply, demand and market conditions.
- Central Bank of Nigeria Dollar to naira black market rate today In the parallel market, commonly known as the black market, currency dealers quoted the dollar at approximately ₦1,380.59 for buying and ₦1,386.36 for selling as of Sunday, November 1.
- Official NFEM exchange rate Data published by the Central Bank of Nigeria (CBN) showed that the naira traded at an average rate of ₦1,346.2565 per dollar on Friday, October 30, the latest available official trading data ahead of Monday’s session.
Key Facts:Monday: As of Monday, November 2, 2026, the latest available figures indicate that the official NFEM rate stood at ₦1,346.26 per dollar, while the parallel market quoted the dollar at approximately ₦1,386.36.Friday: Official NFEM exchange rate Data published by the Central Bank of Nigeria (CBN) showed that the naira traded at an average rate of ₦1,346.2565 per dollar on Friday, October 30, the latest available official trading data ahead of Monday’s session.₦1,346.00: The official market also recorded a closing rate of ₦1,346.00 per dollar, reflecting a marginal improvement from the previous trading session.today: Central Bank of Nigeria Dollar to naira black market rate today In the parallel market, commonly known as the black market, currency dealers quoted the dollar at approximately ₦1,380.59 for buying and ₦1,386.36 for selling as of Sunday, November 1.
Editorial Excerpt
The naira's exchange rate against the US dollar remains a major focus for businesses, importers, investors and Nigerians who depend on foreign currency for international transactions.
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
The Nigerian Foreign Exchange Market (NFEM) and the parallel market are two major segments of Nigeria’s foreign exchange market, with rates varying according to currency supply, demand and market conditions.
Who are the key organizations or public figures mentioned?
Central Bank of Nigeria Dollar to naira black market rate today In the parallel market, commonly known as the black market, currency dealers quoted the dollar at approximately ₦1,380.59 for buying and ₦1,386.36 for selling as of Sunday, November 1.
What timeline or key figures were confirmed?
As of Monday, November 2, 2026, the latest available figures indicate that the official NFEM rate stood at ₦1,346.26 per dollar, while the parallel market quoted the dollar at approximately ₦1,386.36.
