Currency News Today: Naira Slips to ₦1,364 as Black Market Hits ₦1,430

Sojworldnews • Business & Economy • Thursday, 12 November 2026

Currency news today points to fresh pressure on the naira. Year-end demand for dollars pushes rates higher across Nigeria’s foreign exchange markets on Thursday, 12 November 2026. Meanwhile, the street premium over the official rate stays wide, and cryptocurrencies continue to swing sharply. This report covers every major rate, from the official window to the black market, in one place.

The naira closed at ₦1,364 per dollar on Wednesday, according to Central Bank of Nigeria data. That figure marks a ₦10.50 loss from ₦1,353.50 the day before. Nairametrics called it the “biggest daily loss since October 22.” Moreover, the currency has slipped steadily from ₦1,350 on 9 November. The CBN’s latest published benchmark stands at ₦1,350.86, while other trackers quote the official window between ₦1,350 and ₦1,358 this morning.

Vanguard reports that the naira opened Thursday under “sustained demand pressure” in both the official and parallel markets. Interbank turnover reached $248.07 million across 144 deals earlier this week. Consequently, the wider spread seen since Monday remains in place.

Meanwhile, street dealers in Lagos and Abuja buy dollars at ₦1,411 to ₦1,430 and sell them at ₦1,419 to ₦1,440. WithinNigeria labelled the ₦1,430 level a “10-month high.” Therefore, the gap between the official and black market rates now sits at roughly ₦68 to ₦80 per dollar. A traveller who sells $100 collects about ₦141,000 to ₦143,000, depending on location and note condition.

Despite this slide, the naira still outperforms its 2 January close of ₦1,431 per dollar. That difference equals an improvement of about 4.7 percent since the start of the year. However, the recent daily losses show how quickly sentiment can shift when demand rises.

The table below lists today’s official and black market rates for the major currencies. Dealers quote different prices by city, so confirm the rate before you trade.

Black market figures for pound, euro and Canadian dollar are indicative street quotes. Rates vary by dealer.

The pound and euro also trade firmly against the naira. The CBN rates the pound at ₦1,813.39 and the euro at ₦1,514.85, while street dealers sell them near ₦1,850 and ₦1,560. As a result, anyone who pays school fees or books flights abroad should budget for the street premium.

Several factors shape the market. Crude oil earnings, foreign investment inflows, diaspora remittances, and importer demand all influence the naira, according to market observers. Therefore, any change in these flows can move the rate within days.

Cryptocurrencies also dominate the currency conversation this week. Bitcoin dropped from about $80,000 on 5 November to roughly $74,500 on 9 November, while Ethereum fell below $2,150. In addition, XRP lost nearly 12 percent over the past week, according to Fortune. Investors now watch US inflation data closely, including the Producer Price Index due on 13 November.

The next table shows the latest verified crypto levels. Prices move fast, so check a live exchange before you trade.

Solana and Dogecoin show approximate week-opening reference levels.

Overall, the outlook for the naira depends on dollar supply and year-end demand. The CBN continues to urge buyers to use authorised institutions, and sellers should compare several dealers before they exchange cash. Finally, check back with Sojworldnews for daily updates on naira rates, black market movements, and crypto prices.

Disclaimer: Rates are indicative and change throughout the day. Confirm with your bank or dealer before you transact.