Dollar to Naira Today, November 7, 2025 — Latest CBN and Parallel Market Exchange Rates

The naira maintained relative stability against the US dollar on Friday, November 7, 2025, trading steadily across both official and parallel markets, according to data from the Central Bank of Nigeria (CBN) and market monitoring platforms.

At the official Nigerian Foreign Exchange Market (NFEM), the CBN’s volume-weighted average price hovered between ₦1,437 and ₦1,444 per US dollar, reflecting a balanced trading session across the board.

In the parallel market, also known as the black market, rates varied slightly depending on location and transaction size. Dealers in Lagos and other commercial hubs quoted the dollar between ₦1,440 (buy) and ₦1,455 (sell). However, a few informal traders reported isolated sales as high as ₦1,515 per dollar, leaving the unofficial market roughly ₦10–₦70 weaker than the NFEM mid-point.

Factors Driving Today’s Naira Performance

Currency traders attributed the naira’s stability this week to increased inflows into the official market and ongoing policy measures from the Central Bank of Nigeria. The CBN’s decision earlier in September to begin easing interest rates has provided confidence and liquidity in the forex market, calming volatility since mid-2025.

Analysts also pointed out that activities in the parallel market remain influenced by strong dollar demand for imports, energy purchases, and fluctuations in trader confidence, especially among Bureau De Change operators.

How the Current Rate Impacts Nigerians

For importers and businesses that rely on foreign inputs, the current exchange rate trend offers mixed outcomes. Those with access to the official window enjoy lower dollar costs, while others who depend on the parallel market continue to pay a premium.

Retail travellers, students paying tuition abroad, and individuals making small remittance transactions are more likely to experience rates closer to the black-market range, where prices remain higher due to limited dollar supply.

For ordinary Nigerians, these variations often affect the cost of imported goods, fuel prices, and inflation. Businesses may pass these extra costs to consumers, making everyday items slightly more expensive when the naira weakens.

Outlook for the Naira

Forex analysts highlight three main factors to watch in the coming days:

1. CBN Liquidity and Policy Direction: Any fresh intervention or adjustments in interest rates could determine short-term stability in the official window.
2. Foreign Exchange Inflows: Higher crude oil revenue and foreign investment inflows could strengthen the naira by boosting dollar supply.
3. Import and Fuel Demand: Rising demand for dollars from importers and fuel marketers may put renewed pressure on the parallel market.

Additionally, ongoing discussions around domestic fuel sales, refinery operations, and oil export policies are being closely monitored, as they could influence Nigeria’s dollar reserves and future exchange rate performance.