The US dollar is trading at approximately ₦1,419 on Nigeria’s parallel foreign exchange market, compared with ₦1,350.36 at the official window, leaving a difference of ₦68.64 per dollar.
The exchange rates, reported on Wednesday, November 11, 2026, show that Nigerians buying dollars from Bureau De Change (BDC) operators are paying more than the quoted rate in the official foreign exchange market.
At the parallel market, currency dealers are reportedly buying the dollar at around ₦1,411 and selling it for approximately ₦1,419.
This means anyone selling $100 to a dealer could receive about ₦141,100, while purchasing the same amount would cost approximately ₦141,900.
At the reported official rate of ₦1,350.36, $100 is equivalent to ₦135,036, representing a difference of ₦6,864 compared with the parallel-market selling rate.
The gap between the two markets remains an important consideration for individuals and businesses that depend on foreign currency for international payments, travel, imports and other transactions.
However, parallel-market rates are not uniform across Nigeria. Actual prices may vary depending on the dealer, location, dollar availability and prevailing demand.
Customers are therefore advised to confirm rates with authorised currency dealers before carrying out foreign exchange transactions.
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