The Nigerian naira traded around the mid-₦1,400 range on Wednesday, November 26, with the official Daily Nigerian Foreign Exchange Market (NFEM) rate — the volume-weighted average price — hovering between ₦1,452 and ₦1,456 per dollar. On the parallel market, dealers quoted the dollar slightly higher, buying around ₦1,450–₦1,455 and selling between ₦1,460 and ₦1,468.
Key Numbers
Official NFEM (VWAP): ₦1,452–₦1,456 per $1
Parallel Market:
Buying: ₦1,450–₦1,455
Selling: ₦1,460–₦1,468
Market Situation
Data from the Central Bank of Nigeria shows the official market holding steady in the mid-₦1,400 band, suggesting stable liquidity among banks and major FX players. Meanwhile, parallel market operators offered slightly wider spreads, with demand pushing cash rates toward the upper ₦1,460s.
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Dollar to Naira exchange rate today, November 25, 2025
Why These Rates Matter
The NFEM rate is the benchmark for banks, importers, and some government transactions. The parallel market, on the other hand, heavily influences retail FX demand, remittances, and everyday dollar transactions. Even small shifts in either market can affect import prices, inflation, and business planning.
What’s Keeping the Naira in This Range
Analysts attribute the current stability to:
Active FX management by the Central Bank of Nigeria
Improved FX supply over recent weeks
Recent monetary policy moves aimed at curbing inflation and calming the FX market
These policy signals continue to guide investor sentiment and how banks price the naira.
Impact on Nigerians
Importers: A stable official rate in the mid-₦1,400s helps businesses plan better for import costs.
Small businesses & individuals: Those dealing in cash or informal channels may still feel the higher parallel-market pricing in the upper ₦1,460s.
