The naira traded at approximately ₦1,347.44 per dollar at the Nigerian Foreign Exchange Market (NFEM), while the US dollar sold for about ₦1,395 in the parallel market on Tuesday, November 3, 2026.
The latest official NFEM rate represents the most recent available market quotation, while parallel-market rates vary depending on location and currency dealers.
In the parallel market, Bureau de Change operators quoted the dollar at approximately ₦1,380 for buying and ₦1,395 for selling.
At these rates, $100 exchanges for approximately ₦134,744 at the official market and ₦139,500 at the parallel market.
The difference between the official and parallel-market selling rates is about ₦47.56 per dollar.
Nigerians are advised to confirm prevailing rates with authorised dealers before conducting foreign exchange transactions.
Discover more from NAIRAVOICE.COM.NG
Subscribe to get the latest posts sent to your email.
