Dollar to Naira Exchange Rate Today, November 6, 2025 — Naira Trades at ₦1,440/$ Officially

The naira traded around ₦1,440 per US dollar on Nigeria’s official Daily Nigerian Foreign Exchange Market (NFEM) on Thursday, while in the parallel (black) market, the greenback exchanged between ₦1,450 and ₦1,469.

Key Rates

• NFEM (official VWAP): ₦1,439.90 per US$1 (source: Trading Economics)
• Parallel / black market: Buying ₦1,450 | Selling ₦1,460–₦1,469

Market Overview

Thursday’s official NFEM figure — the volume-weighted average price (VWAP) — remained broadly in line with earlier sessions, signaling continued stability in interbank forex flows following recent Central Bank of Nigeria (CBN) interventions and policy measures.

In Lagos’ parallel market, dealers (popularly called Aboki) sold dollars for roughly ₦1,460–₦1,469, leaving a premium of about 2% above the official NFEM rate. This premium represents the extra cost retail buyers pay compared to the official reference price.

Why It Matters

The gap between the official NFEM and parallel market exchange rates directly affects importers, small businesses, and remittance recipients. A wider premium often pushes up import costs and weakens investor sentiment, while a narrowing gap indicates improving confidence and FX market alignment.

Recent CBN actions to improve liquidity and stabilize the naira — including targeted interventions and refined market rules — have helped reduce excessive volatility.

Recent Trend

After months of sharp swings earlier in 2025, the naira has shown signs of stabilization in November, with official rates clustering around the mid-₦1,400s and parallel market quotes staying within a ₦20–₦50 band of that level.

Analysts attribute this calmer trend to better foreign exchange inflows, stronger market participation, and gradual policy adjustments aimed at restoring confidence in Nigeria’s FX market.

Opinion Nigeria News