Naira trades at ₦1,347.30 in official market
The naira weakened for a second consecutive trading session, closing at N1,348 per dollar on Wednesday.
The naira traded at different rates against the US dollar on Thursday, November 5, 2026. In the official Nigerian Foreign Exchange Market (NFEM), the dollar was valued at approximately ₦1,347.30. At the parallel market, Bureau De Change operators bought the dollar at approximately ₦1,380 and sold it at ₦1,390.
The figures show Nigerians buying dollars through the parallel market paid more than those accessing foreign exchange officially. The difference between the official rate and the parallel market selling rate was approximately ₦42.70 per dollar. Exchange rates fluctuate based on dollar supply, demand, market liquidity, and trading activities.
The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday. Nigerians seeking foreign exchange for international travel, school fees, business transactions and other payments are advised to confirm prevailing rates with their banks and licensed Bureau De Change operators.
Why it mattersNigerians seeking foreign exchange for international travel, school fees, business transactions and other payments face varying rates.