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Dollar to Naira exchange rate update – November 13, 2026
VIA VANGUARD:
The naira opened Friday under sustained demand pressure in both official and parallel markets, as year-end import and travel obligations strained liquidity.
| Market | Rate (₦ per $) |
|---|---|
| Official indicators (early) | 1,344.30 – 1,358.34 |
| NFEM weighted average | 1,358.34 |
| Interbank close | 1,364.00 |
| Parallel market (buying) | 1,380 – 1,432 |
| Parallel market (selling) | 1,390 – 1,442.25 |
| Official vs parallel gap | ~32 – 82 |
The official window fell ₦10.50 in one session, from ₦1,353.50 to ₦1,364.00, its sharpest daily drop since October 22.
Analysts blame festive-season importer demand, travel expenses, foreign portfolio outflows and a firmer US dollar.
Gross external reserves, near $54.9 billion, remain an 18-year high and above the CBN’s $51.04 billion target, cushioning the market through year-end.
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