Latest Dollar, Pound, Euro To Naira Exchange Rates – Monday, November 2, 2026

The Nigerian Naira opened the new business week with relative stability across both official foreign exchange windows and the parallel (black) market on Monday, November 2, 2026, as liquidity interventions and reduced import pressure continue to support the domestic currency.

Data from official foreign exchange trading platforms and bureau de change (BDC) operators across key commercial centers like Lagos, Abuja, and Kano reflect the latest operational exchange rates for major foreign currencies.

As of Monday, November 2, 2026, the benchmark foreign exchange rates for the US Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) stand as follows:

• US Dollar (USD to NGN):
  • Official Market (NAFEM/Interbank): The US Dollar trades at an average official rate of ₦1,344.48 per dollar.
  • Parallel (Black) Market: In the unofficial retail market, Bureau De Change operators buy between ₦1,420 and ₦1,435 per dollar and sell between ₦1,440 and ₦1,455 per dollar.
• British Pound Sterling (GBP to NGN):
  • Official Market: The British Pound trades at an official spot rate of approximately ₦1,803.24 per pound.
  • Parallel (Black) Market: Independent retail currency dealers are selling the British Pound between ₦1,880 and ₦1,910 per pound.
• Euro (EUR to NGN):
  • Official Market: The Euro trades at an official exchange rate of ₦1,506.80 per euro.
  • Parallel (Black) Market: In the unofficial parallel market, the Euro is bought and sold within the range of ₦1,580 to ₦1,610 per euro.

Financial analysts attribute the relative currency calm to consistent supply actions by the Central Bank of Nigeria (CBN) alongside sustained domestic energy production, which has curtailed foreign exchange demand traditionally allocated for refined petroleum imports.

Traders and corporate buyers are advised to cross-check rates with authorized financial institutions, as individual Bureau De Change operators may adjust retail spreads depending on local market demand and transaction volumes throughout the trading session.