The naira recorded slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Tuesday, November 10, 2026, as traders monitored the Central Bank of Nigeria’s liquidity management efforts amid sustained demand for foreign currency.
At the official Nigerian Foreign Exchange Market (NFEM), the dollar traded at an average rate of ₦1,346.51.
Trading at the official window remained within a relatively narrow range, with the exchange rate moving between ₦1,343.35 and ₦1,347.32 per dollar, maintaining the stability observed in recent sessions.
In the parallel market, the dollar exchanged between ₦1,410 and ₦1,430, depending on the location and foreign exchange dealer involved.
This placed the unofficial market premium at approximately ₦64 to ₦83 per dollar above the NFEM rate.
Financial analysts say the difference between the official and parallel market rates reflects demand from small-scale importers and individual buyers who require immediate access to foreign currency outside conventional banking channels.
Overall, market activity continues to be influenced by the country’s foreign reserve position and the regular settlement of international trade obligations.