The Nigerian naira hovered around ₦1,456 to the US dollar in the official Daily Nigerian Foreign Exchange Market (NFEM) on Tuesday, November 25, 2025. In the parallel market, traders quoted the dollar between ₦1,455 and ₦1,465.
Key Rates
Official (NFEM/VWAP): ~₦1,456 per $1
Parallel Market: Buying at about ₦1,455, selling around ₦1,465
Market Overview
Trading on the official window stayed close to last week’s levels. Dollar inflows slowed slightly, but remained enough to keep the NFEM rate stable. The gap between the official and parallel markets narrowed a bit this week, though steady demand outside the banking system continues to influence prices.
Why the Naira Is Moving This Way
Analysts say the currency’s performance is being shaped by:
Weaker weekly dollar inflows into the formal market
Strong retail demand in the parallel market
Effects of the CBN’s earlier policy changes, including the September rate cuty
These policies have helped calm the broader financial environment, even though daily dollar supply still fluctuates.
Read Also;
Dollar to Naira exchange rate today, November 24, 2025
What This Means for Nigerians
Remittances & Small Businesses: People relying on cash transfers through informal channels will continue to feel the parallel-market spread, where buying and selling rates differ from official prices.
Importers & Corporates: Companies accessing FX officially will pay around the NFEM rate, but limited supply can push them to the parallel market, raising costs for imported goods.
Outlook
The naira’s direction in the coming weeks will depend on:
Dollar inflows
CBN activity in the FX and money markets
Seasonal demand as the year ends
If inflows strengthen and the CBN maintains liquidity support, the official rate may remain stable. If not, pressure in the parallel market could push rates higher.
