Naira to Dollar Rate Today, November 11, 2026: Black Market, Official Rates and Crypto Prices

By Sojworldnews Desk | Wednesday, November 11, 2026

The naira opened Wednesday, November 11, 2026, on a slightly softer footing against the US dollar. The official Nigerian Foreign Exchange Market (NFEM) rate stood at about ₦1,350.86 per dollar, based on Tuesday’s close. Meanwhile, street dealers quoted the dollar between ₦1,410 and ₦1,430 on the black market.

According to Within Nigeria, “The naira starts Wednesday, November 11, 2026, on a slightly softer footing.” The report also notes that the Central Bank of Nigeria (CBN) rate follows the NFEM weighted average. As a result, the two official figures usually differ by only a naira or two.

However, the gap between the official and parallel markets remains wide. Traders in Lagos, Abuja, Kano and Port Harcourt kept their rates largely steady at the open. Their premium over the official rate sits near ₦60 to ₦80 per dollar, or roughly 4.5 to 6 percent. Techeconomy earlier described “a significant gap between the official and parallel foreign exchange markets.” Some trackers quote the dollar closer to ₦1,390, so rates vary by location and dealer.

The pound and the euro tell a similar story. The CBN published rates of about ₦1,813 for the pound and ₦1,515 for the euro. On the parallel market, however, the pound sells near ₦1,850. The euro trades between ₦1,540 and ₦1,570, depending on the dealer. In addition, the Canadian dollar changes hands near ₦986 on the street, compared with ₦990 officially. The table below lists these rates alongside other major currencies.

Naira Exchange Rates Today – Wednesday, November 11, 2026

* CBN figures marked with an asterisk come from its latest full published table (November 2). Black market rates are indicative street quotes and vary by city and dealer.

Cryptocurrency markets moved in the opposite direction of risk appetite. Hot US inflation data hit digital assets hard on Tuesday. The Motley Fool reported that “hotter-than-expected inflation hit Wall Street,” and crypto prices fell with it. Bitcoin slid below $74,000 and touched $72,866, its weakest level since August. One market analyst summed it up bluntly: “Inflation ran hot again, and bitcoin paid for it.”

Ethereum dropped to about $2,059, while Solana fell to roughly $83. XRP also lost ground and now trades near $1.06. Furthermore, analysts at 21Shares warn that Bitcoin could slide toward $70,000 if the $73,000 support level breaks. Traders will therefore watch Tuesday’s closing price and exchange-traded fund flows closely.

Cryptocurrency Prices – Latest Snapshot

Crypto prices are in US dollars, as of Tuesday evening, November 10, 2026, with 24-hour
changes. They move constantly.

Several factors keep the parallel premium alive. Demand for dollars stays strong among importers, students abroad and travelers. Meanwhile, dollar supply in the official window remains tight. Late last month, the CBN reportedly sold $950 million to banks and authorised dealers to ease liquidity gaps. That intervention helped the naira, yet it has not closed the gap with the street market.

Global events also play a role. Hot US inflation data raised bets on an interest rate hike in December. As a result, the dollar gained strength worldwide, and risk assets such as crypto slipped. Emerging market currencies, including the naira, often feel that pressure. Therefore, traders will track the next US data releases closely.

What does this mean for ordinary Nigerians? First, importers and travelers still pay a clear premium outside the official window. Second, families who receive remittances should compare several channels before they convert their dollars. Moreover, black market rates change by the hour, so buyers should confirm every quote before they trade.

Similarly, crypto investors should remember that prices swing sharply within a single day. Stablecoins such as Tether and USDC stayed close to $1 and offered a calmer option. Nevertheless, no one should invest more than they can afford to lose.

Looking ahead, market watchers expect the naira to hold near current levels this week. Nigeria’s external reserves remain healthy at about $54 billion, which gives the CBN room to act. Nevertheless, strong dollar demand could still widen the parallel premium. Readers should therefore check official CBN data before they make any large transaction.

Overall, the naira looks stable but under mild pressure. The CBN will publish fresh official rates later today. Sojworldnews will update this report as new figures arrive.