The naira exchange rate today shows a wide gap between the official and black markets. On Monday, November 9, 2026, the dollar still costs more on the street than at the Central Bank of Nigeria (CBN) window. Meanwhile, major cryptocurrencies are slipping, and Bitcoin is stuck near $75,000.
The official market does not trade on weekends. Therefore, Friday’s close remains the latest official figure until Monday’s session ends. The naira closed last week at about ₦1,349 per dollar at the Nigerian Foreign Exchange Market (NFEM). That is 0.22 percent weaker than the ₦1,346.01 close on November 2.
Naira against the US dollar
| Market | Rate (₦ per $1) | Date and source |
|---|---|---|
| Official (NFEM / CBN) | ₦1,349 | Friday close, Nov 6 |
| Black market | ₦1,415 | Aboki Forex, Nov 8 |
| Black market range | ₦1,390 to ₦1,428 | Other trackers, Nov 8 |
| Gap (official vs black) | About ₦66 (4.9%) | Calculated |
The weakest close of last week came on Thursday, at ₦1,350.45. In addition, trading volumes slowed sharply, according to Rio Times. Still, the official rate moved by only a few naira each day, so the market looks calm.
The street market is jumpier. Traders quote about ₦1,415 per dollar, based on Aboki Forex on Sunday evening. However, rates vary by location and tracker. Some sites show ₦1,390, while others show ₦1,428. As a result, buyers should confirm the price with their dealer before they trade.
Naira against other currencies (approximate)
| Currency | Official (₦) | Black market (₦) |
|---|---|---|
| British pound (£1) | About 1,820 | About 1,850 |
| Euro (€1) | About 1,520 | 1,560 to 1,585 |
The pound and euro also cost more on the street than at the official window. Likewise, dealers change these prices through the day. Therefore, treat the pound and euro figures as a guide, not a fixed quote.
The dollar against global currencies
| Pair | Rate |
|---|---|
| EUR/USD | 1.1165 |
| USD/JPY | 158.33 |
Crypto prices fell over the weekend. Bitcoin trades near $75,400, after a rally to $81,004 on November 4 faded quickly. Moreover, one market report shows that spot Bitcoin funds lost $1.28 billion in outflows over five sessions. Ethereum fell the most among the big coins, dropping about 3.6 percent in 24 hours.
Cryptocurrency prices (approximate)
| Coin | Price (USD) | 24-hour change |
|---|---|---|
| Bitcoin (BTC) | $75,400 | -0.4% |
| Ethereum (ETH) | $2,150 | -3.6% |
| BNB | $690 | -0.7% |
| XRP | $1.12 | -3.2% |
| Solana (SOL) | $88 | -0.9% |
| Tether (USDT) | $1.00 | 0% |
Analyst Michaël van de Poppe says $75,000 is a key support level for Bitcoin. If the price breaks below it, he warns that a sharp drop could follow. Meanwhile, Tether holds steady at about $1. However, peer-to-peer platforms set their own USDT prices in naira, so check the price before you trade.
Several events could move the market this week. First, the CBN will publish Monday’s official rate after the session closes. In addition, Nigeria’s next inflation report arrives on November 16. Overall, traders will watch both releases for clues on the direction of the naira.
For now, the message is simple. The official rate stays near ₦1,349, while the street rate sits closer to ₦1,415. Sojworldnews will update this report when the CBN releases new figures.
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