The Nigerian naira is trading at different rates against the United States dollar across the official and parallel foreign exchange markets on Wednesday, November 4, 2026.
According to Vanguard’s latest exchange rate report, the dollar is quoted at approximately ₦1,380 for buying and ₦1,390 for selling in the parallel market.
At the Nigerian Foreign Exchange Market (NFEM), the latest reported official rate stands at approximately ₦1,346.43 per dollar, based on the November 3 market figures.
This places the difference between the official and parallel-market selling rates at approximately ₦43.57 per dollar.
At the prevailing rates, $100 exchanges for approximately ₦134,643 at the official market, compared with ₦139,000 at the parallel market.
The exchange rate disparity reflects differences in foreign currency supply, demand and liquidity across both markets.
However, Bureau De Change operators may offer varying rates depending on location, dollar availability and transaction volume.
Nigerians seeking foreign exchange are advised to confirm prevailing rates with their banks and authorised Bureau De Change operators before conducting transactions, as rates may fluctuate throughout the day.
