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Dollar to Naira exchange rate update – November 02, 2026
VIA VANGUARD:
The naira’s exchange rate against the dollar remains a key concern for businesses, importers, investors and Nigerians who rely on foreign currency. As of Monday, November 2, 2026, the official NFEM rate stood at ₦1,346.26 per dollar, while the parallel market sold the dollar at about ₦1,386.36.
| Market | Rate (₦/$) | Details |
|---|---|---|
| Official NFEM | 1,346.26 | CBN average on Friday, October 30; closing rate ₦1,346.00 |
| Parallel (buying) | 1,380.59 | Dealer quote, Sunday, November 1 |
| Parallel (selling) | 1,386.36 | Dealer quote, Sunday, November 1 |
The gap between both markets is about ₦40.10 per dollar, reflecting differences in supply and demand.
| Amount | Official rate | Parallel rate |
|---|---|---|
| $100 | ≈ ₦134,626 | ≈ ₦138,636 |
Figures are indicative. Nigerians should confirm current rates with their banks or licensed BDC operators before transacting.
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