The naira remained relatively stable on Wednesday, November 5, 2025, as trading in Nigeria’s official foreign exchange market (NFEM) saw the dollar hovering between ₦1,430 and ₦1,445, while in the parallel (black) market, dealers exchanged it for around ₦1,435 to ₦1,459.
Key Exchange Rates
Official Market (NFEM VWAP): ₦1,433 – ₦1,444 per US$1
Parallel Market: Buying at about ₦1,435 and selling between ₦1,450 – ₦1,459 per US$1
Market Update
Traders reported that the official market remained calm, with steady inflows and recent policy measures helping to stabilise the currency. On the streets of Lagos and Abuja, black market traders continued to sell the dollar slightly higher than official rates, averaging around ₦1,450 per dollar.
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Dollar to Naira exchange rate today, November 4, 2025
Policy Context
Analysts say the naira’s relative stability in recent weeks is linked to Central Bank interventions and lower inflationary pressures following the CBN’s decision to cut interest rates in September 2025. Improved foreign exchange inflows have also supported the market, helping to reduce volatility.
However, experts caution that risks still linger due to ongoing fiscal pressures and potential external economic shocks that could affect future exchange rate stability.
