The US dollar traded at approximately ₦1,347.44 at the Nigerian Foreign Exchange Market (NFEM) and ₦1,395 in the parallel market on Tuesday, November 3, 2026.
The latest official NFEM quotation represents the most recent available market rate, while parallel-market prices vary depending on location and currency dealers.
In the black market, Bureau de Change operators quoted the dollar at approximately ₦1,380 for buying and ₦1,395 for selling.
At the prevailing rates, $100 exchanged for about ₦134,744 at the official market and ₦139,500 at the parallel market.
The difference between the official and parallel-market selling rates stood at approximately ₦47.56 per dollar.
Nigerians are advised to confirm prevailing exchange rates with authorised dealers before conducting foreign currency transactions.
