Dollar to Naira Exchange Rate Today, November 12, 2026: Continued Depreciation

The Naira has faced sustained demand pressure, leading to a further depreciation against the dollar on Thursday, November 12, 2026, according to reports from Vanguard News and Daily Post Nigeria. Although specific exchange rates for the day were not provided in the available source material, both outlets reported that the Naira has been under pressure on both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. According to Vanguard News, the Naira recorded its lowest exchange rate against the dollar on Wednesday, November 11, 2026, at N1,358.34. Daily Post Nigeria reported that the Naira depreciated by N7.48 against the dollar on Wednesday, compared to the previous day’s rate of N1,350.86. It is important to note that these exchange rates reflect the parallel market, which operates outside of the official NFEM. The Central Bank of Nigeria has not provided official exchange rates for November 12, 2026. The continued depreciation of the Naira against the dollar is a significant concern for the Nigerian economy, as it can lead to inflation, decreased consumer spending, and reduced investment. In recent months, the Naira has faced sustained depreciation against the dollar, with the Central Bank of Nigeria taking various measures to stabilize the currency. These measures have had limited success, and the Naira continues to depreciate against the dollar. Nigerians should keep a close eye on the exchange rate in the coming weeks and months to assess the impact on their daily lives.