The naira is trading at different rates against the US dollar across Nigeria’s official and parallel foreign exchange markets on Thursday, November 5, 2026.

At the Nigerian Foreign Exchange Market (NFEM), the dollar is quoted at approximately ₦1,347.30, based on the latest reported official rate.

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However, Bureau De Change operators in the parallel market are buying the dollar at about ₦1,380 and selling it for approximately ₦1,390.

The figures show that Nigerians purchasing dollars through the parallel market are paying more than those accessing foreign exchange through the official window.

The difference between the official rate and the parallel market selling rate stands at approximately ₦42.70 per dollar.

Exchange rates fluctuate in response to factors such as dollar supply, demand, market liquidity and trading activities. Rates offered by parallel market operators may also differ across locations and individual dealers.

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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 before completing transactions.