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Dollar to Naira exchange rate update – November 05, 2026
VIA VANGUARD:
The naira is trading at different rates against the US dollar in Nigeria’s official and parallel markets on Thursday.
| Market | Buying | Selling |
|---|---|---|
| Official (NFEM) | ₦1,347.30 | ₦1,347.30 |
| Parallel (BDC) | ₦1,380 | ₦1,390 |
Nigerians buying dollars in the parallel market are paying more than those using the official window. The gap between the official rate and the parallel selling rate is about ₦42.70 per dollar.
Rates change with dollar supply, demand and liquidity, and may differ across locations and dealers. Those seeking forex for travel, school fees or business payments should confirm current rates with their banks and licensed BDC operators before transacting.
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