Dollar to Naira Exchange Rate Today November 25, 2025: Official and Black Market Rates Updated

The Nigerian naira traded around ₦1,456 per US dollar at the official Nigerian Foreign Exchange Market (NFEM) on Tuesday, November 25, 2025. In the parallel market, the dollar exchanged between ₦1,455 and ₦1,465, reflecting a slight premium over the official rate.

Official and Parallel Market Rates
NFEM (Official/VWAP): Approximately ₦1,456/$1
Parallel Market: Buyers offered around ₦1,455, while sellers quoted up to ₦1,465 per dollar.

Market Overview
Trading activity at the official window stayed close to last week’s levels despite slower foreign-exchange inflows. Analysts note a slight narrowing between the official and parallel market rates, suggesting reduced arbitrage but continued demand for physical cash outside regulated channels.

Why the Naira Is Moving This Way
Currency experts attribute the current trend to:
• Declining weekly dollar inflows into the formal FX market
• Persistent retail demand in the cash and parallel markets
• The impact of earlier monetary policy decisions by the Central Bank of Nigeria (CBN)

The CBN’s policy rate adjustments and liquidity interventions since September have helped stabilize the broader FX environment, even though day-to-day dollar supply remains inconsistent.

What This Means for Nigerians
Remittances and Small Transactions:
Nigerians relying on informal remittance channels may continue to experience exchange rates that differ from the NFEM rate, especially as the parallel market maintains a slight premium.

Importers and Businesses:
Companies sourcing forex through official windows can expect prices around the NFEM rate, although occasional shortages may push some firms into the parallel market, increasing the cost of imported goods and raw materials.

Outlook for the Naira
The short-term direction of the naira will depend largely on:
• Weekly foreign-exchange inflows
• CBN’s operations in the FX and money markets
• Seasonal pressures as year-end demand rises

If inflows strengthen and the CBN maintains liquidity support, the official rate may remain stable. However, weaker inflows could trigger renewed pressure in the parallel market, pushing cash-based rates higher.