Naira bin show small-small movement for official and parallel foreign exchange markets on Tuesday, November 10, 2026, as market people watch how Central Bank of Nigeria (CBN) dey manage liquidity while demand for foreign currency continue.
For official Nigerian Foreign Exchange Market (NFEM), United States dollar dey exchange at average rate of ₦1,346.51. Early trading for the official window stay inside narrow band between ₦1,343.35 and ₦1,347.32 per dollar, keeping the relative stability wey market don see over recent trading sessions.
For parallel market, dollar trade between ₦1,410 and ₦1,430 for buying and selling, depending on location and local currency dealer. The figures mean say unofficial market premium of about ₦64 to ₦83 per dollar over NFEM spot rate.
Financial analysts note say the mild gap between official rate and informal channels still dey reflect spot demand from small-scale importers and individual retail buyers wey want quick foreign currency outside primary banking channels.
Overall market conditions remain anchored by broader foreign reserve levels and regular clearing of foreign trade obligations.
