Dollar to Naira Exchange Rate Today: Official and Black Market Rates for November 26, 2025

The Nigerian naira traded within the mid-₦1,400 range against the US dollar on Wednesday, November 26, 2025. Official data from the Nigerian Foreign Exchange Market (NFEM) placed the volume-weighted average price (VWAP) between ₦1,452 and ₦1,456 per $1, while parallel-market traders quoted slightly higher rates between ₦1,455 and ₦1,468.

Summary of Key Exchange Rates
Official NFEM (VWAP): ₦1,452–₦1,456 per $1
Parallel/Black Market: Buying at ₦1,450–₦1,455; selling at ₦1,460–₦1,468

Market Overview
The latest NFEM data from the Central Bank of Nigeria (CBN) shows continued stability in the official market as the naira holds firm in the mid-₦1,400s. Liquidity levels remain relatively steady, while parallel-market dealers reported wider spreads, with cash transactions pricing the dollar slightly higher.

Why These Exchange Rates Are Important
The NFEM VWAP is a key benchmark for banks, importers, and government-linked transactions. It directly influences the cost of imports, business planning, and corporate foreign-exchange exposure.
Meanwhile, the parallel-market rate affects remittances, retail FX needs, travel expenses, and informal sector transactions. Even slight changes in either market can influence inflation, consumer prices, and overall economic stability.

What Is Influencing Today’s Rates
Analysts attribute the current exchange-rate range to several factors:
• Ongoing CBN management of FX windows
• Improved liquidity across official channels
• Recent monetary-policy decisions aimed at controlling inflation
• Adjustments in interest rates and market corridors shaping investor sentiment

Recent economic reports also highlight the impact of CBN’s tighter policy stance on stabilizing the naira and guiding market expectations.

Impact on Businesses and Consumers
Importers benefit from a relatively stable NFEM rate around ₦1,452–₦1,456, helping them plan more accurately for landed costs when sourcing forex through official channels.
Small businesses, freelancers, and individuals who rely on parallel-market rates may still face higher conversion costs, as cash dealers continue pricing the dollar in the upper ₦1,460 range.