Dollar to Naira Black Market Rate and Official Forex Rate Today (November 29, 2025)

Nigeria’s foreign exchange market opened today with the U.S. dollar trading at ₦1,446.9 in the official Nigerian Foreign Exchange Market (NFEM). This rate reflects continued efforts to stabilize the market through formal inflows and regulatory interventions.

However, in the parallel market, the dollar is selling at around ₦1,476 per dollar, creating a spread of roughly ₦29.1 between both markets. This persistent gap highlights ongoing pressure from retail demand, reduced dollar liquidity and restricted access to foreign currency for individuals and small businesses.

Analysts note that the stronger retail demand in the unofficial market continues to push up the parallel rate, while official window rates remain more stable due to consistent supply channels and controlled inflows.

For travellers, businesses, importers and Nigerians receiving international remittances, the choice between the official NFEM and the parallel market remains crucial, as it directly affects purchasing power and the value received when converting dollars to naira.