The Nigerian naira held steady on Saturday, November 15, 2025, with only minor movement across both the official and parallel markets.
At the official Daily Nigerian Foreign Exchange Market (NFEM), the naira hovered between ₦1,441 and ₦1,444 to the US dollar. In the parallel market, traders in Lagos, Abuja and other major cities quoted the dollar at about ₦1,450 for buying and ₦1,460 for selling.
Why the market is stable
According to traders, the narrow trading range shows the ongoing influence of the Central Bank of Nigeria (CBN) in the FX market. They also attributed the stability to steady foreign portfolio inflows into government securities and improved oil revenue, which have eased the liquidity pressure seen earlier in the year. Analysts added that the CBN’s recent monetary-policy easing and calmer global markets have also helped.
Official vs parallel market gap
The difference between the official rate and the parallel-market rate stayed around ₦15–₦25, a spread many expect will remain unless the CBN increases dollar supply in the official window or liquidity tightens on the street. Importers and corporate buyers continue to check both markets before making large FX decisions.
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What to watch next
Traders are now keeping an eye on upcoming oil-related FX inflows, any fresh CBN interventions and foreign-portfolio investor activity. Factors like interest-rate changes and monthly reserve updates could also determine whether the gap between both markets narrows or widens in the coming weeks.
