Naira slips to N1,358.34/$ at official window as black market hits N1,445

The naira depreciated against the US dollar at the Central Bank of Nigeria official foreign exchange window on Wednesday, November 11, 2026, trading at N1,358.3385 per dollar. It closed the day at N1,364.0000 per dollar.

Data on the CBN official platform showed the Nigerian Foreign Exchange Market rate at N1,358.3385 per dollar. The currency had traded at N1,350.8587 on November 10, 2026, before losing at least N7.48 after Wednesday’s trading.

Black market rates rise by N10

At the parallel market, buying and selling rates increased by N10 when compared with Tuesday, November 10, 2026. AbokiFX data showed the naira dollar exchange rate at N1,430 and N1,445 per dollar for buying and selling respectively on Wednesday, November 11, 2026.

Official window close

The official NFEM rate was N1,358.3385 per dollar while the closing rate was N1,364.0000 per dollar. The previous day’s NFEM rate was N1,350.8587 per dollar.

What it means

The gap between the official rate and the black market rate remains wide, with the parallel market buying rate at N1,430 and selling rate at N1,445. For consumers and businesses, the difference keeps dollar sourcing costs uneven across official and parallel channels.