The exchange rate between the United States dollar and the Nigerian naira remained a key focus in the foreign exchange market on Saturday, November 14, 2026, with the local currency trading at different rates in the official and parallel markets.
In the parallel market, commonly referred to as the black market, the dollar was reportedly bought at ₦1,436.66 and sold at ₦1,442.90.
This means currency dealers paid approximately ₦1,436.66 to individuals selling one US dollar, while those purchasing the dollar paid about ₦1,442.90.
At the official foreign exchange market, the dollar traded at approximately ₦1,352.36 for buying and ₦1,354.97 for selling.
The difference between the two rates highlights the variation in exchange prices across Nigeria’s foreign exchange market.
Dollar to naira black market exchange rate today
The reported parallel market rates on Saturday, November 14, 2026, were:
- Buying rate: ₦1,436.66 per dollar
- Selling rate: ₦1,442.90 per dollar
Dollar to naira official exchange rate today
At the official market, the dollar was quoted at approximately:
- Buying rate: ₦1,352.36 per dollar
- Selling rate: ₦1,354.97 per dollar
How much is the dollar to naira today?
Using the parallel market selling rate of ₦1,442.90, selected US dollar denominations have the following values in naira:
| Dollar amount | Naira equivalent |
|---|---|
| $100 | ₦144,290 |
| $200 | ₦288,580 |
| $500 | ₦721,450 |
| $1,000 | ₦1,442,900 |
However, actual exchange rates may differ depending on the location, currency dealer and amount involved in the transaction.
These figures are indicative and may change as market activities continue. Individuals are advised to confirm the prevailing rates with authorised foreign exchange dealers before completing transactions.