Dollar to Naira Exchange Rate Today, 28 November 2025: Official, Black Market and CBN Rates

The Dollar to Naira exchange rate opened today, Friday, November 28, 2025, with signs of mild stability across Nigeria’s foreign exchange markets. Early trading activity shows that recent liquidity inflows are helping to ease volatility as the month approaches its close.

Official (NAFEM) Exchange Rate

Latest data from the Nigerian Foreign Exchange Market (NAFEM) indicates that the official Dollar to Naira rate is currently around ₦1,444.38 per $1. This reflects a slight improvement from earlier in the week when the currency traded closer to the ₦1,450 range.

The Naira has also recovered from a weekly high of ₦1,472.26, recorded on Monday, November 24, showing a brief phase of consolidation as market conditions stabilize.

Parallel Market (Black Market) Rate

In the parallel market, the Dollar is being exchanged at an average rate of ₦1,457.11 per $1. Although the parallel market rate remains slightly above the official window, the difference has narrowed significantly compared to historical gaps.

This reduced spread suggests that ongoing liquidity management efforts by the Central Bank of Nigeria (CBN) are helping align both markets and minimize speculative pressure.

Weekly Market Highlights

The foreign exchange market experienced mixed movements between November 24 and November 28, 2025, with notable fluctuations driven by demand pressures and shifting liquidity.

Weekly High: ₦1,472.26
Weekly Low: ₦1,441.00
Current Trend: The Naira has gained approximately 0.5% in the last 24 hours, moving from the mid-₦1,450 range to the mid-₦1,440s.

Analysts note that despite earlier pressures in November, the Naira appears to be holding firm above the ₦1,440 support level. Market participants remain cautious while awaiting further direction and potential liquidity injections from the Central Bank as December trading begins.

Outlook

Forex traders expect moderate stability in the short term, with attention focused on CBN policy signals, foreign inflows, and end-of-month balance sheet adjustments. Businesses and individuals are advised to monitor both the official and parallel market rates closely as the market continues to adjust to evolving economic conditions.