CBN Dollar to Naira Exchange Rate Today, November 5, 2025 — Official & Black Market Prices

The Nigerian naira maintained relative stability on Wednesday, November 5, 2025, across both the official and parallel foreign exchange markets. Trading at the Nigerian Foreign Exchange Market (NFEM) remained steady, with the US dollar exchanging between ₦1,430 and ₦1,445, while the parallel market quoted the greenback around ₦1,435 to ₦1,459 per dollar.

Official Market Performance

Data from the official foreign exchange window indicated that the volume-weighted average price (VWAP) of the dollar stood around ₦1,433 to ₦1,444 per $1. Traders noted a calm session, supported by recent policy measures from the Central Bank of Nigeria (CBN) aimed at stabilizing the naira and boosting foreign exchange inflows.

Parallel Market Update

In the black market, retail currency traders in major cities such as Lagos and Abuja bought the dollar at approximately ₦1,435 and sold between ₦1,450 and ₦1,459. Despite trading at a premium compared to the official rate, dealers described the market as steady with improved liquidity levels.

What Is Driving the Stability

Market analysts attributed the naira’s recent firmness to the Central Bank’s continued interventions and the recent policy rate cut announced in September 2025. These actions have helped ease inflationary pressures and enhance investor confidence. The CBN’s improved dollar supply, coupled with moderate demand from importers, has reduced volatility in the FX market.

Economic observers also credit the relative calm to a combination of factors including stronger remittance inflows, oil revenue uptick, and fiscal discipline measures implemented by the Federal Government. However, they warn that the local currency could still face pressure if global oil prices decline or if foreign portfolio inflows slow down.

Policy Outlook

Experts believe that the current exchange rate stability can be sustained if the government continues to improve liquidity in the official market and ensure consistent policy direction. They also emphasized the importance of maintaining fiscal balance and attracting long-term foreign investment to strengthen the naira in the months ahead.

For now, both traders and investors remain cautiously optimistic as the foreign exchange market continues to respond positively to the Central Bank’s reforms and the country’s improving macroeconomic indicators.