The Dollar to Naira exchange rate in Nigeria’s black market rose to approximately N1,432 for buying and N1,442.25 for selling on Thursday, November 12, 2026, as the naira weakened against the United States dollar amid renewed pressure in both the official and parallel foreign exchange markets.
The latest quotations, recorded during Thursday’s morning trading, suggest that the dollar has become more expensive for Nigerians making international payments, importing goods and purchasing foreign currency for personal transactions.
The naira also suffered a significant decline in the official Nigerian Foreign Exchange Market (NFEM) on Wednesday, losing N10.50 against the dollar in its biggest single-session depreciation since October 22.
However, parallel-market quotations remain inconsistent across dealers, with some exchange rate trackers reporting significantly lower prices.
How Much Is Dollar to Naira Today in the Black Market?
The indicative parallel-market exchange rates for Thursday, November 12, 2026, are:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | N1,432.00 | N1,442.25 |
Based on these quotations, the following conversions apply:
- $100: N143,200 when selling and N144,225 when buying.
- $200: N286,400 when selling and N288,450 when buying.
- $500: N716,000 when selling and N721,125 when buying.
- $1,000: N1,432,000 when selling and N1,442,250 when buying.
The difference between the buying and selling rates stands at N10.25 per dollar.
These rates are indicative and may differ from actual transaction prices depending on the dealer, location and amount exchanged.
Naira Weakens as Dollar Demand Pushes Exchange Rate Higher
The naira extended its decline in the parallel market on Thursday, with one exchange rate tracker reporting a fourth consecutive day of depreciation.
The dollar’s buying rate increased from N1,428.48 on Wednesday to N1,432 on Thursday, representing a further N3.52 increase.
Over the past week, the buying rate has risen from approximately N1,407.49 to N1,432, indicating a 1.74% depreciation in the naira’s value against the dollar on that tracker.
The development is particularly important for businesses with foreign currency obligations.
At Thursday’s indicative selling rate of N1,442.25, purchasing $10,000 would cost N14.42 million, compared with N14.19 million at the N1,419 selling rate reported in Wednesday’s Investors King update.
The difference of N232,500 illustrates the financial exposure facing importers and businesses that must regularly purchase foreign currency.
However, the comparison involves different market sources, and other trackers continue to publish lower quotations.
Official Dollar to Naira Exchange Rate
The naira depreciated to N1,364 per US dollar at the official Nigerian Foreign Exchange Market on Wednesday, November 11, 2026, compared with N1,353.50 recorded on Tuesday.
The N10.50 depreciation represents a 0.78% decline in one trading session and the currency’s largest daily loss since October 22.
The development also marks a further weakening from N1,350 per dollar recorded on Monday, November 9.
Using Wednesday’s official closing rate of N1,364 and Thursday’s indicative parallel-market selling rate of N1,442.25, the difference between the two markets stands at N78.25 per dollar, equivalent to approximately 5.74% of the official rate.
The comparison uses Wednesday’s official closing rate because Thursday’s final NFEM trading figures were not yet available at the time of reporting.
The Central Bank of Nigeria (CBN) publishes official exchange rate data used by banks, businesses and investors.
What Does the Naira’s Latest Depreciation Mean?
The simultaneous weakening of the naira in the official and parallel markets deserves attention because it suggests that currency pressure is not confined to informal transactions.
For manufacturers, a sustained increase in the official dollar exchange rate could raise the cost of imported machinery, equipment and raw materials.
Importers may also face higher costs when settling international invoices, particularly if exchange rate movements occur between the time goods are ordered and payment is completed.
Businesses unable to pass these additional costs to customers could experience pressure on profit margins.
For households, the impact is most immediate in overseas tuition payments, medical expenses and international travel.
The latest depreciation also highlights the importance of foreign exchange liquidity. Nigeria requires consistent dollar inflows from crude oil exports, foreign investments, remittances and other sources to support demand for international transactions.
Dollar to Naira Outlook
The naira’s direction in the coming trading sessions will depend on whether foreign exchange supply improves sufficiently to absorb demand from businesses and individuals.
The sharp depreciation recorded in Wednesday’s official session raises concerns about the sustainability of the relative stability observed earlier in November.
However, a single session’s decline does not establish a prolonged depreciation trend.
Improved capital inflows and stronger dollar liquidity could help stabilise the currency, while sustained import demand and weaker foreign exchange availability could maintain pressure on both markets.
Investors will be monitoring official exchange rate movements, foreign exchange turnover, crude oil earnings and Nigeria’s external reserves for indications of the naira’s near-term direction.
For daily Dollar to Naira exchange rate updates, Nigerian business news and financial market analysis, visit Investors King.
