Business
Dollar to Naira Exchange Rate Today, November 9, 2026
The US dollar traded at different rates against the Nigerian naira on Monday, November 9, 2026, as the parallel foreign exchange market opened the new week with varying quotations from Bureau De Change (BDC) operators.
Available market reports showed that the dollar was quoted at approximately ₦1,390 to ₦1,430 on the parallel market, depending on the dealer and location.
On the official market, the latest reported Nigerian Foreign Exchange Market (NFEM) reference rate stood at approximately ₦1,346.79 per dollar, based on Friday, November 6, trading figures.
According to AbokiFX, the parallel market recorded a buying rate of ₦1,417.15 and a selling rate of ₦1,430.40 as of Monday morning.
The figures indicate a difference between the official and parallel market rates, although actual transactions may vary across locations and operators.
Dollar to Naira Exchange Rate Today
The indicative exchange rates for Monday, November 9, 2026, are:
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Official NFEM | ₦1,346.79 | ₦1,346.79 |
| Black Market (AbokiFX) | ₦1,417.15 | ₦1,430.40 |
Rates are indicative and subject to changes during the trading day.
How Much Is $100, $500 and $1,000 in Naira Today?
Using the indicative rates above, the dollar equivalents are:
| Dollar Amount | Official Rate | Black Market Rate |
|---|---|---|
| $100 | ₦134,679 | ₦143,040 |
| $200 | ₦269,358 | ₦286,080 |
| $500 | ₦673,395 | ₦715,200 |
| $1,000 | ₦1,346,790 | ₦1,430,400 |
| $2,000 | ₦2,693,580 | ₦2,860,800 |
| $5,000 | ₦6,733,950 | ₦7,152,000 |
Why Is the Dollar Exchange Rate Different?
The difference between the official and parallel market exchange rates reflects varying foreign exchange supply and demand conditions.
Demand from importers, businesses, travellers and individuals making international payments continues to influence the market.
Foreign exchange availability, capital inflows, diaspora remittances and the Central Bank of Nigeria’s monetary policies also play important roles in determining the naira’s performance.
Where to Check the Latest Dollar Rate
The Central Bank of Nigeria publishes official foreign exchange market figures through its website, while parallel market rates are reported by currency dealers and exchange-rate monitoring platforms.
Dollar buyers and sellers are advised to confirm prevailing rates with authorised operators before completing transactions.
Note: Exchange rates may change throughout the day. The parallel-market figures are indicative and are not official CBN rates.
Dollar to Naira Exchange Rate Today, November 9, 2026
Will INEC Remove Atiku From 2027 Presidential Candidates’ Portal After Court Ruling?
2027: INEC Takes Fresh Action on Atiku’s Court Judgment
Atiku Fights Back; Reveals Next Action
BREAKING: Tinubu Approves New Seaport
How Nigerians Can Check Eligibility for FG’s N50,000 Relief
‘Deep Shock’ – Deputy Governor Found Dead (PHOTO)
BREAKING: FG Announces List of 5 Payment Platforms to Receive ₦50,000 Relief Funds
America Is Not Nigeria: Why Trump’s Midterm Defeat Cannot Predict Tinubu’s 2027 Fortunes
Sudan’s Army Chooses Iran Over Saudi Arabia, Rejects Riyadh’s Military Request
