Dollar to Naira exchange rate today, November 6, 2026
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Vanguard News
Reported by Henry Oduah
Fri, 6 Nov 2026, 06:06
Photo courtesy of Vanguard News · Verified via News Stand NG
Source Attribution: Vanguard News
News Stand NG operates under ethical news aggregation guidelines. Source: Vanguard News. To read the unabridged investigative reporting and full gallery, visit the original publication.
The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session. Meanwhile, in the parallel market, commonly known as the black market, the dollar was quoted at approximately ₦1,400 on Friday.
Context & Background
✦The difference between the official and parallel market rates reflects continued demand for foreign currencies outside the formal banking system.
Key Figures & Named Entities
Friday:The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session.Thursday:Data from the Central Bank of Nigeria (CBN) showed that the naira exchanged at ₦1,348.74 per dollar on Thursday, November 5, representing a slight depreciation from the previous session’s rate.Friday:Meanwhile, in the parallel market, commonly known as the black market, the dollar was quoted at approximately ₦1,400 on Friday.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session.
✦Meanwhile, in the parallel market, commonly known as the black market, the dollar was quoted at approximately ₦1,400 on Friday.
✦The difference between the official and parallel market rates reflects continued demand for foreign currencies outside the formal banking system.
Key Facts:Friday: The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session.Thursday: Data from the Central Bank of Nigeria (CBN) showed that the naira exchanged at ₦1,348.74 per dollar on Thursday, November 5, representing a slight depreciation from the previous session’s rate.Friday: Meanwhile, in the parallel market, commonly known as the black market, the dollar was quoted at approximately ₦1,400 on Friday.
Editorial Excerpt
The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session.
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria, Naira & Foreign Exchange Policy.
What timeline or key figures were confirmed?
The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session.
