The exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) showed slight stability in early trading today, Friday, November 28, 2025, as the foreign exchange market responded to recent liquidity movements.
Official (NAFEM) Market Rate
According to figures from the Nigerian Foreign Exchange Market (NAFEM), the Naira is currently trading at about ₦1,444.38 per dollar. This marks a small shift from earlier in the week when rates hovered closer to the ₦1,450 range.
Market data also shows the Naira has recovered from a weekly high of ₦1,472.26, recorded on Monday, November 24. This indicates a brief stabilisation as the week wraps up.
Parallel Market Rate
In the black market, the Naira continues to trade close to the official rate, reflecting the ongoing convergence in exchange rates. Street traders report an average rate of ₦1,457.11 per dollar today.
Although the parallel market rate is still slightly higher than the NAFEM rate, the gap remains narrow compared to what Nigerians have experienced in the past. Analysts suggest that liquidity measures in the official market are influencing pricing on the streets.
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Dollar to Naira exchange rate today, November 27, 2025
Market Trends This Week
Weekly High: ₦1,472.26 (Monday)
Weekly Low: ₦1,441.00 (Tuesday close)
Current Trend: The Naira has strengthened by about 0.5% in the last 24 hours, moving from the ₦1,450 zone into the mid-₦1,440s.
Experts say that although the Naira faced earlier pressure this month, the end of November shows the currency maintaining some stability above the ₦1,440 support level. Traders remain cautious as the market awaits further direction and possible liquidity injections from the Central Bank of Nigeria (CBN) heading into December.
