The Nigerian naira moved only slightly in both the official and parallel foreign exchange markets on Tuesday, November 10, 2026.
Market participants were balancing the Central Bank of Nigeria’s ongoing management of liquidity against continued demand for foreign currency.
At the official Nigerian Foreign Exchange Market, the United States dollar changed hands at an average of ₦1,346.51.
Early trading in the official window stayed within a tight range of ₦1,343.35 to ₦1,347.32 per dollar. This kept the market as stable as it has been in recent trading sessions.
In the parallel market, the dollar was bought and sold between ₦1,410 and ₦1,430, depending on location and the local currency dealer involved.
These figures put the unofficial market premium at roughly ₦64 to ₦83 per dollar above the NFEM spot rate.
Financial analysts said the slight gap between the official rate and the informal channels still reflects spot demand from small-scale importers and individual retail buyers. These buyers want quick access to foreign currency outside the primary banking channels.
Overall, market conditions remain anchored by broader foreign reserve levels and the regular settlement of foreign trade obligations.
