Dollar to Naira exchange rate today, November 9, 2026
AI Executive Briefing
Gemini Flash AI~45s readThe Nigerian foreign exchange market shows a continued disparity between official and parallel rates as of November 9, 2026. The official rate is pegged at ₦1,346.79, while parallel market rates fluctuate between ₦1,415 and ₦1,430.
Context & Background
- ✦The Nigerian Foreign Exchange Market (NFEM) acts as the official platform for currency transactions, while the parallel market serves as an alternative source.
- ✦The exchange rate gap significantly impacts importers, businesses, and individuals who rely on foreign currency for operations.
Key Figures & Named Entities
•Central Bank of Nigeria (CBN) reported the official closing rate of ₦1,346.79.•The market gap between official and parallel rates is between ₦68 and ₦83 per dollar.
Outlook & Next Steps
Parallel market rates remain indicative and are subject to change throughout the day based on fluctuating supply and demand dynamics.
Key Takeaways
AI Summary- The official NFEM closing rate for the dollar stands at ₦1,346.79 as of November 6, 2026.
- Parallel market rates for the dollar are currently trading between ₦1,415 and ₦1,430.
- A price disparity of ₦68 to ₦83 exists between the official and parallel foreign exchange markets.
Key Facts:November 6, 2026: The Central Bank of Nigeria published the official market data used for the current exchange rate.November 9, 2026: The latest available official NFEM closing rate was recorded.
Editorial Excerpt
The dollar-to-naira exchange rate remains a key indicator for businesses, importers and Nigerians monitoring developments in the foreign exchange market.
Frequently Asked Questions About This Story
What is the current official exchange rate for the dollar?
As of the latest data from November 6, 2026, the official NFEM closing rate is approximately ₦1,346.79 per dollar.
What is the range of the dollar in the parallel market?
The dollar is quoted at approximately ₦1,415 to ₦1,430 in the parallel market, depending on the dealer and location.
