Naira Holds Steady as Dollar Trades Between ₦1,441 and ₦1,460 Across Markets — November 15, 2025

The Nigerian naira remained largely stable on Saturday, November 15, 2025, with rates showing little movement across both official and parallel foreign-exchange markets.

At the Daily Nigerian Foreign Exchange Market (NFEM), the official fixing stayed within a narrow band of ₦1,441 to ₦1,444 per US dollar, while parallel-market dealers in major cities such as Lagos and Abuja quoted the dollar at ₦1,450 for buying and ₦1,460 for selling.

Key Figures:

• NFEM (official/VWAP): Approximately ₦1,441–₦1,444 per $1
• Parallel/Black Market: Buy at ₦1,450; sell at ₦1,460

Why the Market Is Stable:
According to market operators, the tight range reflects ongoing CBN intervention, increased foreign portfolio inflows into government debt instruments, and steady oil earnings, all of which have helped ease earlier FX shortages. Analysts also note that the central bank’s recent monetary policy easing and improved global risk appetite have contributed to the more stable environment.

Official vs. Parallel Market Gap:
The price spread between the official NFEM rate and the parallel-market quote remained around ₦15–₦25, a premium experts expect to persist unless the CBN boosts spot dollar supply or liquidity in the informal market declines. Importers and large corporates continue to track both markets closely before making major FX decisions.

What Traders Are Watching:
FX traders are now focused on upcoming CBN interventions, new oil-related dollar inflows, and foreign portfolio investment trends. Other macro indicators — particularly interest-rate decisions and monthly reserve updates — may influence whether the spread between official and parallel markets widens or narrows in the coming days.

Opinion Nigeria News