Latest Dollar, Pound, Euro To Naira Exchange Rates – Monday, November 9, 2026

The Nigerian Naira (NGN) maintains a steady trading band across both official and parallel foreign exchange markets on Monday, November 9, 2026, supported by robust foreign reserves currently standing at $55.13 billion.

In the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window, the local currency traded near ₦1,346.79 per US Dollar, reflecting continued market stability driven by central bank liquidity oversight and foreign exchange market reforms.

Official Window (NAFEM / CBN Rates)

As of morning trading on Monday, November 9, 2026, official institutional reference exchange rates stand at:

• US Dollar (USD): ₦1,346.79 / $1
• British Pound (GBP): ₦1,810.00 / £1
• Euro (EUR): ₦1,555.00 / €1

Parallel (Black) Market Rates

In the unofficial parallel market, street rates across major commercial hubs (Lagos, Abuja, and Kano) show slight premium margins over the official window:

• US Dollar (USD): Buying at ₦1,415 | Selling at ₦1,430
• British Pound (GBP): Buying at ₦1,885 | Selling at ₦1,910
• Euro (EUR): Buying at ₦1,610 | Selling at ₦1,635

Market Dynamics & Trends

The spread between the official NAFEM window and the parallel market remains narrowed between ₦68 and ₦83 per dollar. Central Bank of Nigeria (CBN) Governor Olayemi Cardoso reiterated that the exchange rate will remain market-driven to reflect macroeconomic fundamentals, supported by daily turnover frequently exceeding $1 billion across official channels.