Naira
Naira Weakens Further Against US Dollar, Trades at N1,440 in Black Market
The Nigerian naira traded at approximately N1,435 for buying and N1,440 for selling against the United States dollar in the parallel market on Friday, November 13, 2026, as foreign exchange prices remained elevated.
The latest indicative quotations show that Nigerians purchasing $100 would need N144,000, while those selling the same amount would receive approximately N143,500.
However, exchange rates vary across currency dealers and locations with some market trackers reporting lower prices and others quoting as high as N1,445 per dollar, News About Nigeria reports
Dollar to Naira Black Market Rate Today
The indicative exchange rates for Friday, November 13, 2026, are:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar | N1,435 | N1,440 |
At these rates, Nigerians purchasing foreign currency would pay N288,000 for $200, N720,000 for $500 and N1.44 million for $1,000.
The figures are indicative and may differ from the actual rates offered by Bureau De Change operators.
Naira Gains in Official Market
Meanwhile, the naira strengthened in the official Nigerian Foreign Exchange Market on Thursday, November 12, closing at N1,358.50 per dollar compared with N1,364 recorded on Wednesday.
The improvement represented a gain of N5.50 per dollar, even as the currency remained under pressure in the parallel market.
Reports from Abuja indicated that some currency dealers sold dollars at N1,445 on Thursday, compared with N1,430 the previous day.
The contrasting movements show that improvements in the official market have not necessarily translated into lower dollar prices for Nigerians relying on informal currency dealers.
At a parallel-market selling rate of N1,440, the difference from Thursday’s official closing rate of N1,358.50 stands at N81.50 per dollar.
The Central Bank of Nigeria publishes official foreign exchange rates and trading information.
What This Means for Nigerians
The continued difference between official and parallel-market exchange rates affects Nigerians paying overseas school fees, medical bills and international travel expenses.
Importers and businesses purchasing goods from abroad may also face higher costs where foreign currency is obtained at elevated market rates.
The naira’s direction in the coming days will depend on dollar availability, demand for international payments and developments in the official foreign exchange market.
Friday’s final official closing rate was not yet available at the time of reporting.