ABUJA, November 12, 2026 – The Nigerian naira traded at approximately ₦1,358 per US dollar at the official foreign exchange market, while the dollar exchanged for about ₦1,419 on the parallel market on Thursday.
The latest exchange rate figures show a difference between the official market and black market, reflecting continued fluctuations in Nigeria’s foreign exchange market.
At the official Nigerian Foreign Exchange Market (NFEM), the dollar stood at approximately ₦1,357–₦1,358, while parallel market operators quoted the currency between ₦1,411 and ₦1,419.
Other major foreign currencies also recorded significant values against the naira.
Today’s Exchange Rates – November 12, 2026
| Currency | Official Rate | Black Market Rate |
|---|---|---|
| US Dollar ($1) | ₦1,358 | ₦1,419 |
| British Pound (£1) | ₦1,808 | ₦1,865 |
| Euro (€1) | ₦1,511 | ₦1,570 |
What This Means for Nigerians
The exchange rate remains a major concern for businesses, importers, international students and Nigerians making payments abroad.
Continued fluctuations in the value of the naira could influence import costs, international transactions and the prices of goods and services.
Market watchers say developments in foreign exchange supply, foreign reserves and demand for foreign currencies will remain important factors influencing the naira’s performance.
Note: Rates are indicative and may vary depending on location, bank and Bureau De Change operator. Official figures reflect the latest available November 11 benchmark, while parallel-market figures are estimates for November 12.
