The US dollar is trading at approximately ₦1,346.26 at the official market and ₦1,386.36 at the parallel market, based on the latest available figures for Monday, November 2, 2026.
The exchange rate remains a key concern for Nigerian businesses, importers, investors and individuals who depend on foreign currency for international transactions.
Official Dollar to Naira Exchange Rate
Data from the Central Bank of Nigeria (CBN) showed that the naira traded at a weighted average of ₦1,346.26 per dollar on Friday, October 30, the latest available official trading data ahead of Monday’s session. The closing rate was ₦1,346.00 per dollar.
Black Market Dollar to Naira Rate
In the parallel market, commonly known as the black market, currency dealers quoted the dollar at approximately:
- Buying rate: ₦1,380.59 per dollar
- Selling rate: ₦1,386.36 per dollar
These figures were reported as of Sunday, November 1. Actual rates may vary depending on the dealer, location and amount being exchanged.
How Much Is $100 in Naira Today?
Based on the latest available figures:
- $100 at the official average rate: approximately ₦134,626
- $100 at the parallel-market selling rate: approximately ₦138,636
The difference between the official average rate and the parallel-market selling rate is approximately ₦40.10 per dollar.
What Nigerians Should Know
Exchange rates can fluctuate in response to foreign currency supply, demand and wider market conditions. Nigerians planning to buy or sell dollars are advised to confirm the prevailing rate with their banks or licensed Bureau de Change operators before completing a transaction.
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