{"id":6128,"date":"2026-11-02T06:02:58","date_gmt":"2026-11-02T06:02:58","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/02\/dollar-to-naira-exchange-rate-today-november-2-2026\/"},"modified":"2026-11-02T06:02:58","modified_gmt":"2026-11-02T06:02:58","slug":"dollar-to-naira-exchange-rate-today-november-2-2026","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/02\/dollar-to-naira-exchange-rate-today-november-2-2026\/","title":{"rendered":"Dollar\u00a0to\u00a0Naira\u00a0exchange\u00a0rate\u00a0today,\u00a0November\u00a02,\u00a02026"},"content":{"rendered":"
\"Foreign<\/p>\n

The\u00a0naira\u2019s\u00a0exchange\u00a0rate\u00a0against\u00a0the\u00a0US\u00a0dollar\u00a0remains\u00a0a\u00a0major\u00a0focus\u00a0for\u00a0businesses,\u00a0importers,\u00a0investors\u00a0and\u00a0Nigerians\u00a0who\u00a0depend\u00a0on\u00a0foreign\u00a0currency\u00a0for\u00a0international\u00a0transactions.<\/p>\n

The\u00a0Nigerian\u00a0Foreign\u00a0Exchange\u00a0Market\u00a0(NFEM)\u00a0and\u00a0the\u00a0parallel\u00a0market\u00a0are\u00a0two\u00a0major\u00a0segments\u00a0of\u00a0Nigeria\u2019s\u00a0foreign\u00a0exchange\u00a0market,\u00a0with\u00a0rates\u00a0varying\u00a0according\u00a0to\u00a0currency\u00a0supply,\u00a0demand\u00a0and\u00a0market\u00a0conditions.<\/p>\n

As\u00a0of\u00a0Monday,\u00a0November\u00a02,\u00a02026,\u00a0the\u00a0latest\u00a0available\u00a0figures\u00a0indicate\u00a0that\u00a0the\u00a0official\u00a0NFEM\u00a0rate\u00a0stood\u00a0at\u00a0\u20a61,346.26\u00a0per\u00a0dollar,\u00a0while\u00a0the\u00a0parallel\u00a0market\u00a0quoted\u00a0the\u00a0dollar\u00a0at\u00a0approximately\u00a0\u20a61,386.36.<\/p>\n

Official\u00a0NFEM\u00a0exchange\u00a0rate<\/strong><\/p>\n

Data\u00a0published\u00a0by\u00a0the\u00a0Central\u00a0Bank\u00a0of\u00a0Nigeria\u00a0(CBN)\u00a0showed\u00a0that\u00a0the\u00a0naira\u00a0traded\u00a0at\u00a0an\u00a0average\u00a0rate\u00a0of\u00a0\u20a61,346.2565\u00a0per\u00a0dollar\u00a0on\u00a0Friday,\u00a0October\u00a030,\u00a0the\u00a0latest\u00a0available\u00a0official\u00a0trading\u00a0data\u00a0ahead\u00a0of\u00a0Monday\u2019s\u00a0session.<\/p>\n

The\u00a0official\u00a0market\u00a0also\u00a0recorded\u00a0a\u00a0closing\u00a0rate\u00a0of\u00a0\u20a61,346.00\u00a0per\u00a0dollar,\u00a0reflecting\u00a0a\u00a0marginal\u00a0improvement\u00a0from\u00a0the\u00a0previous\u00a0trading\u00a0session.<\/p>\n

The\u00a0NFEM\u00a0rate\u00a0is\u00a0determined\u00a0by\u00a0the\u00a0volume-weighted\u00a0average\u00a0of\u00a0transactions\u00a0in\u00a0the\u00a0official\u00a0foreign\u00a0exchange\u00a0market.\u00a0It\u00a0serves\u00a0as\u00a0the\u00a0benchmark\u00a0for\u00a0official\u00a0foreign\u00a0currency\u00a0transactions\u00a0in\u00a0Nigeria.\u00a0Central\u00a0Bank\u00a0of\u00a0Nigeria<\/p>\n

Dollar\u00a0to\u00a0naira\u00a0black\u00a0market\u00a0rate\u00a0today<\/strong><\/p>\n

In\u00a0the\u00a0parallel\u00a0market,\u00a0commonly\u00a0known\u00a0as\u00a0the\u00a0black\u00a0market,\u00a0currency\u00a0dealers\u00a0quoted\u00a0the\u00a0dollar\u00a0at\u00a0approximately\u00a0\u20a61,380.59\u00a0for\u00a0buying\u00a0and\u00a0\u20a61,386.36\u00a0for\u00a0selling\u00a0as\u00a0of\u00a0Sunday,\u00a0November\u00a01.<\/p>\n

This\u00a0means\u00a0Nigerians\u00a0seeking\u00a0to\u00a0purchase\u00a0one\u00a0dollar\u00a0from\u00a0parallel market\u00a0operators\u00a0would\u00a0need\u00a0approximately\u00a0\u20a61,386,\u00a0although\u00a0the\u00a0actual\u00a0amount\u00a0may\u00a0vary\u00a0depending\u00a0on\u00a0the\u00a0dealer\u00a0and\u00a0location.<\/p>\n

The\u00a0parallel market\u00a0rates\u00a0are\u00a0indicative\u00a0and\u00a0may\u00a0change\u00a0throughout\u00a0the\u00a0day\u00a0in\u00a0response\u00a0to\u00a0foreign\u00a0exchange\u00a0demand\u00a0and\u00a0supply.<\/p>\n

Difference\u00a0between\u00a0official\u00a0and\u00a0parallel\u00a0market\u00a0rates<\/strong><\/p>\n

The\u00a0difference\u00a0between\u00a0the\u00a0latest\u00a0official\u00a0NFEM\u00a0weighted\u00a0average\u00a0of\u00a0\u20a61,346.26\u00a0and\u00a0the\u00a0parallel market\u00a0selling\u00a0rate\u00a0of\u00a0\u20a61,386.36\u00a0is\u00a0approximately\u00a0\u20a640.10\u00a0per\u00a0dollar.<\/p>\n

The\u00a0gap\u00a0reflects\u00a0differences\u00a0in\u00a0foreign\u00a0exchange\u00a0supply,\u00a0demand\u00a0and\u00a0pricing\u00a0across\u00a0the\u00a0two\u00a0markets.<\/p>\n

For\u00a0individuals\u00a0and\u00a0businesses\u00a0purchasing\u00a0dollars,\u00a0the\u00a0parallel market\u00a0selling\u00a0rate\u00a0remains\u00a0an\u00a0important\u00a0consideration,\u00a0particularly\u00a0for\u00a0transactions\u00a0that\u00a0cannot\u00a0be\u00a0processed\u00a0through\u00a0official\u00a0banking\u00a0channels.<\/p>\n

How\u00a0much\u00a0is\u00a0$100\u00a0in\u00a0naira\u00a0today?<\/strong><\/p>\n

At\u00a0the\u00a0latest\u00a0available\u00a0official\u00a0NFEM\u00a0rate\u00a0of\u00a0\u20a61,346.26,\u00a0$100\u00a0is\u00a0equivalent\u00a0to\u00a0approximately\u00a0\u20a6134,626.<\/p>\n

At\u00a0the\u00a0parallel market\u00a0selling\u00a0rate\u00a0of\u00a0\u20a61,386.36,\u00a0$100\u00a0would\u00a0cost\u00a0approximately\u00a0\u20a6138,636.<\/p>\n

These\u00a0figures\u00a0are\u00a0indicative\u00a0and\u00a0do\u00a0not\u00a0necessarily\u00a0represent\u00a0the\u00a0final\u00a0rates\u00a0offered\u00a0by\u00a0banks\u00a0or\u00a0individual\u00a0currency\u00a0dealers.<\/p>\n

Nigerians\u00a0are\u00a0advised\u00a0to\u00a0confirm\u00a0prevailing\u00a0exchange\u00a0rates\u00a0with\u00a0their\u00a0banks\u00a0or\u00a0licensed\u00a0Bureau\u00a0de\u00a0Change\u00a0operators\u00a0before\u00a0conducting\u00a0foreign\u00a0exchange\u00a0transactions.<\/p>\n

The post Dollar\u00a0to\u00a0Naira\u00a0exchange\u00a0rate\u00a0today,\u00a0November\u00a02,\u00a02026<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

The\u00a0naira\u2019s\u00a0exchange\u00a0rate\u00a0against\u00a0the\u00a0US\u00a0dollar\u00a0remains\u00a0a\u00a0major\u00a0focus\u00a0for\u00a0businesses,\u00a0importers,\u00a0investors\u00a0and\u00a0Nigerians\u00a0who\u00a0depend\u00a0on\u00a0foreign\u00a0currency\u00a0for\u00a0international\u00a0transactions. The\u00a0Nigerian\u00a0Foreign\u00a0Exchange\u00a0Market\u00a0(NFEM)\u00a0and\u00a0the\u00a0parallel\u00a0market\u00a0are\u00a0two\u00a0major\u00a0segments\u00a0of\u00a0Nigeria\u2019s\u00a0foreign\u00a0exchange\u00a0market,\u00a0with\u00a0rates\u00a0varying\u00a0according\u00a0to\u00a0currency\u00a0supply,\u00a0demand\u00a0and\u00a0market\u00a0conditions. As\u00a0of\u00a0Monday,\u00a0November\u00a02,\u00a02026,\u00a0the\u00a0latest\u00a0available\u00a0figures\u00a0indicate\u00a0that\u00a0the\u00a0official\u00a0NFEM\u00a0rate\u00a0stood\u00a0at\u00a0\u20a61,346.26\u00a0per\u00a0dollar,\u00a0while\u00a0the\u00a0parallel\u00a0market\u00a0quoted\u00a0the\u00a0dollar\u00a0at\u00a0approximately\u00a0\u20a61,386.36. Official\u00a0NFEM\u00a0exchange\u00a0rate Data\u00a0published\u00a0by\u00a0the\u00a0Central\u00a0Bank\u00a0of\u00a0Nigeria\u00a0(CBN)\u00a0showed\u00a0that\u00a0the\u00a0naira\u00a0traded\u00a0at\u00a0an\u00a0average\u00a0rate\u00a0of\u00a0\u20a61,346.2565\u00a0per\u00a0dollar\u00a0on\u00a0Friday,\u00a0October\u00a030,\u00a0the\u00a0latest\u00a0available\u00a0official\u00a0trading\u00a0data\u00a0ahead\u00a0of\u00a0Monday\u2019s\u00a0session. The\u00a0official\u00a0market\u00a0also\u00a0recorded\u00a0a\u00a0closing\u00a0rate\u00a0of\u00a0\u20a61,346.00\u00a0per\u00a0dollar,\u00a0reflecting\u00a0a\u00a0marginal\u00a0improvement\u00a0from\u00a0the\u00a0previous\u00a0trading\u00a0session. The\u00a0NFEM\u00a0rate\u00a0is\u00a0determined\u00a0by\u00a0the\u00a0volume-weighted\u00a0average\u00a0of\u00a0transactions\u00a0in\u00a0the\u00a0official\u00a0foreign\u00a0exchange\u00a0market.\u00a0It\u00a0serves\u00a0as\u00a0the\u00a0benchmark\u00a0for\u00a0official\u00a0foreign\u00a0currency\u00a0transactions\u00a0in\u00a0Nigeria.\u00a0Central\u00a0Bank\u00a0of\u00a0Nigeria Dollar\u00a0to\u00a0naira\u00a0black\u00a0market\u00a0rate\u00a0today In\u00a0the\u00a0parallel\u00a0market,\u00a0commonly\u00a0known\u00a0as\u00a0the\u00a0black\u00a0market,\u00a0currency\u00a0dealers\u00a0quoted\u00a0the\u00a0dollar\u00a0at\u00a0approximately\u00a0\u20a61,380.59\u00a0for\u00a0buying\u00a0and\u00a0\u20a61,386.36\u00a0for\u00a0selling\u00a0as\u00a0of\u00a0Sunday,\u00a0November\u00a01. This\u00a0means\u00a0Nigerians\u00a0seeking\u00a0to\u00a0purchase\u00a0one\u00a0dollar\u00a0from\u00a0parallel market\u00a0operators\u00a0would\u00a0need\u00a0approximately\u00a0\u20a61,386,\u00a0although\u00a0the\u00a0actual\u00a0amount\u00a0may\u00a0vary\u00a0depending\u00a0on\u00a0the\u00a0dealer\u00a0and\u00a0location. The\u00a0parallel market\u00a0rates\u00a0are\u00a0indicative\u00a0and\u00a0may\u00a0change\u00a0throughout\u00a0the\u00a0day\u00a0in\u00a0response\u00a0to\u00a0foreign\u00a0exchange\u00a0demand\u00a0and\u00a0supply. Difference\u00a0between\u00a0official\u00a0and\u00a0parallel\u00a0market\u00a0rates The\u00a0difference\u00a0between\u00a0the\u00a0latest\u00a0official\u00a0NFEM\u00a0weighted\u00a0average\u00a0of\u00a0\u20a61,346.26\u00a0and\u00a0the\u00a0parallel market\u00a0selling\u00a0rate\u00a0of\u00a0\u20a61,386.36\u00a0is\u00a0approximately\u00a0\u20a640.10\u00a0per\u00a0dollar. The\u00a0gap\u00a0reflects\u00a0differences\u00a0in\u00a0foreign\u00a0exchange\u00a0supply,\u00a0demand\u00a0and\u00a0pricing\u00a0across\u00a0the\u00a0two\u00a0markets. For\u00a0individuals\u00a0and\u00a0businesses\u00a0purchasing\u00a0dollars,\u00a0the\u00a0parallel market\u00a0selling\u00a0rate\u00a0remains\u00a0an\u00a0important\u00a0consideration,\u00a0particularly\u00a0for\u00a0transactions\u00a0that\u00a0cannot\u00a0be\u00a0processed\u00a0through\u00a0official\u00a0banking\u00a0channels. How\u00a0much\u00a0is\u00a0$100\u00a0in\u00a0naira\u00a0today? At\u00a0the\u00a0latest\u00a0available\u00a0official\u00a0NFEM\u00a0rate\u00a0of\u00a0\u20a61,346.26,\u00a0$100\u00a0is\u00a0equivalent\u00a0to\u00a0approximately\u00a0\u20a6134,626. At\u00a0the\u00a0parallel market\u00a0selling\u00a0rate\u00a0of\u00a0\u20a61,386.36,\u00a0$100\u00a0would\u00a0cost\u00a0approximately\u00a0\u20a6138,636. These\u00a0figures\u00a0are\u00a0indicative\u00a0and\u00a0do\u00a0not\u00a0necessarily\u00a0represent\u00a0the\u00a0final\u00a0rates\u00a0offered\u00a0by\u00a0banks\u00a0or\u00a0individual\u00a0currency\u00a0dealers. Nigerians\u00a0are\u00a0advised\u00a0to\u00a0confirm\u00a0prevailing\u00a0exchange\u00a0rates\u00a0with\u00a0their\u00a0banks\u00a0or\u00a0licensed\u00a0Bureau\u00a0de\u00a0Change\u00a0operators\u00a0before\u00a0conducting\u00a0foreign\u00a0exchange\u00a0transactions. The post Dollar\u00a0to\u00a0Naira\u00a0exchange\u00a0rate\u00a0today,\u00a0November\u00a02,\u00a02026 appeared first… <\/p>\n","protected":false},"author":1,"featured_media":6129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=6128"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/6129"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=6128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=6128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=6128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}