The Dollar to Naira exchange rate in Nigeria’s black market stood at approximately N1,410 for buying and N1,430 for selling on Tuesday, November 10, 2026, as the naira continued to face pressure in parts of the parallel foreign exchange market.
The latest quotations indicate that the United States dollar is trading above N1,400 among some currency dealers, although other market trackers continue to report lower rates.
According to exchange rate data published by Mmiri at 4:03 a.m. Nigerian time, Bureau De Change (BDC) operators were buying dollars at N1,410 and selling at N1,430.
However, NairaToday reported N1,380 for buying and N1,390 for selling, highlighting differences in quotations across the informal currency market.
How Much Is Dollar to Naira Today in the Black Market?
The indicative parallel-market exchange rates for Tuesday, November 10, 2026, are:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | N1,410 | N1,430 |
Based on these quotations, the following conversions apply:
- $100: N141,000 when selling and N143,000 when buying.
- $200: N282,000 when selling and N286,000 when buying.
- $500: N705,000 when selling and N715,000 when buying.
- $1,000: N1,410,000 when selling and N1,430,000 when buying.
The difference between the buying and selling rates stands at N20 per dollar.
These are indicative quotations, and actual transaction rates may vary according to location, dealer and the amount of foreign currency exchanged.
Naira Faces Pressure as Dollar Selling Rate Reaches N1,430
The naira entered Tuesday’s trading session amid signs of increased pressure in parts of the parallel market.
Currency dealers were reportedly selling dollars between N1,415 and N1,430 on Monday, November 9, compared with the N1,390 quotation published by some trackers.
Tuesday’s N1,430 selling rate suggests that the higher quotations have persisted into the new trading session.
However, because exchange rate trackers are reporting significantly different prices, the figures do not establish that the naira depreciated uniformly across Nigeria’s parallel market.
For businesses importing raw materials, machinery and finished products, the difference is financially significant.
At N1,390 per dollar, purchasing $10,000 costs N13.9 million. The same transaction at N1,430 requires N14.3 million, representing an additional N400,000.
For manufacturers operating with narrow profit margins, higher foreign exchange costs can increase production expenses and put pressure on consumer prices.
Individuals paying overseas tuition fees, medical bills and international travel expenses are similarly affected by increases in the dollar’s selling rate.
Official Dollar to Naira Exchange Rate
At the official Nigerian Foreign Exchange Market (NFEM), the latest separately verified closing quotation available for this report stood at approximately N1,346.79 per US dollar on Friday, November 6, 2026.
More recent official-market quotations have been reported by exchange rate trackers, but Monday’s final NFEM closing figure could not be independently confirmed from the CBN’s published data at the time of reporting.
Using Friday’s official closing rate of N1,346.79 and Tuesday’s indicative parallel-market selling rate of N1,430, the difference between the two markets stands at approximately N83.21 per dollar, equivalent to 6.18% of the official rate.
At the lower parallel-market selling quotation of N1,390, the difference would narrow to N43.21 per dollar, or 3.21%.
This variation demonstrates the importance of distinguishing between actual transaction prices and indicative quotations when assessing the difference between official and informal exchange rates.
The Central Bank of Nigeria (CBN) publishes official foreign exchange market information used by banks, investors and businesses.
What Is Influencing the Dollar to Naira Exchange Rate?
Nigeria’s currency market remains sensitive to the availability of foreign exchange and demand from businesses and individuals.
Crude oil export earnings, diaspora remittances and foreign investment are important sources of dollar inflows.
Meanwhile, importers and manufacturers require foreign currency to settle international transactions, while overseas education, healthcare and travel create additional demand.
A sustained increase in dollar demand without corresponding improvements in supply could place further pressure on the naira.
However, stronger export receipts, improved capital inflows and adequate liquidity through authorised financial institutions could help moderate exchange rate volatility.
For investors, the key issue is whether Nigeria can maintain sufficient foreign currency supply to support exchange rate stability while meeting import requirements and other external payment obligations.
Dollar to Naira Outlook
The naira’s near-term direction will depend on developments in foreign exchange liquidity, import demand and investor confidence.
The higher parallel-market quotations suggest that some currency dealers are pricing dollars at a greater premium than others.
Whether those rates become more widespread will depend on actual demand and the availability of foreign currency in subsequent trading sessions.
Market participants will continue monitoring official NFEM quotations, foreign exchange turnover, crude oil earnings and Nigeria’s external reserves for indications of the naira’s direction.
For daily Dollar to Naira exchange rate updates, Nigerian business news and financial market analysis, visit Naijaonpoint.