LAGOS, November 6, 2026 – The Nigerian naira traded under pressure against major international currencies on Friday, with the United States dollar exchanging at approximately ₦1,428 on the parallel market amid continued fluctuations in the foreign exchange market.
Latest market figures show that the dollar is being bought at about ₦1,413 and sold at ₦1,428, while the British pound and euro also maintain relatively high values against the naira.
At the official market, the dollar trades around ₦1,350, reflecting a gap between the regulated foreign exchange market and parallel-market transactions.
Latest Exchange Rates Against the Naira
Parallel Market (Black Market):
- US Dollar ($1): ₦1,413 – ₦1,428
- British Pound (£1): ₦1,854 – ₦1,874
- Euro (€1): ₦1,533 – ₦1,553
- Canadian Dollar (C$1): ₦952 – ₦1,002
- UAE Dirham (AED 1): ₦350 – ₦371
Official Market (Approximate):
- US Dollar ($1): ₦1,350
- British Pound (£1): ₦1,818
- Euro (€1): ₦1,517
Market participants continue to monitor foreign exchange supply, demand for dollars and monetary policy developments for signs of stability in the naira.
The exchange rate remains important to businesses, importers, travellers and Nigerians making international payments, as fluctuations in the currency market can influence the cost of imported goods and services.
Forex rates may vary depending on the location, transaction amount and Bureau De Change operator. Customers are advised to confirm prevailing rates before carrying out transactions.
Source: Market-tracked parallel-market and official exchange-rate figures, November 6, 2026.
