Dollar to Naira exchange rate today, November 5, 2025
Parallel/black market: Dealers buying at roughly ₦1,435 and selling at about ₦1,450–₦1,459 per US$1
The naira held largely steady on Wednesday, November 5, 2025, as Nigeria’s official foreign-exchange market (NFEM) traded the US dollar near ₦1,430–₦1,445 while parallel-market (black market) dealers quoted the greenback around ₦1,435–₦1,459.
Key rates
NFEM (official VWAP / volume-weighted average price): About ₦1,433–₦1,444 per US$1.
Parallel/black market: Dealers buying at roughly ₦1,435 and selling at about ₦1,450–₦1,459 per US$1.
Market participants say the official NFEM remained calm after a string of policy actions and steady inflows into the market this month, keeping the naira from sharp swings. Retail cash traders on the parallel market continued to trade dollars at a premium to the NFEM, with most Lagos and Abuja dealers quoting around ₦1,450 for sellers.
Analysts link the recent relative stability to the Central Bank’s interventions and to easing inflationary pressures after a policy rate cut in September 2025. The CBN’s actions, plus some improved FX inflows, have helped narrow volatility, although risk remains from fiscal pressures and external shocks.
Vanguard
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