Exchange Rate Dollar To Naira
In short
The Nigerian Naira continues to lose value against the US Dollar, trading at an official rate of approximately ₦1,346.51 per dollar as of 10 November 2026. In the parallel market, rates are higher, with dealers quoting between ₦1,410 and ₦1,430.
In plain words
This is the price you pay to swap Nigerian Naira for US Dollars. When the rate goes up, it means the Naira is getting weaker and you need more Naira to buy one Dollar.
A simple example
If you want to buy 100 US Dollars and the rate is ₦1,400, you must hand over ₦140,000.
Why it matters
Fluctuations affect the cost of imported goods, travel, and international business. A weaker Naira makes foreign products more expensive for people living in Nigeria.
Easy to mix up
Do not confuse the official Central Bank rate with the parallel market rate, as the latter is often much higher.