The Nigerian naira stayed relatively stable on Monday, November 17, 2025, with the official NFEM/VWAP rate closing around ₦1,441–₦1,444 per dollar, while the parallel market traded slightly higher at ₦1,450–₦1,460.
Key Numbers
Official NFEM/VWAP: ~₦1,441–₦1,444
Parallel Market: ~₦1,450–₦1,460 (most traders quoting around ₦1,455)
Market Overview
The official market held tight within the mid-₦1,400 range, continuing the pattern of calm seen in recent weeks. The volume-weighted trades (VWAP) showed little volatility throughout the day.
In the parallel market, traders priced the dollar a bit higher than the official rate, maintaining the usual spread driven by urgent demand from importers and small businesses who struggle to access formal FX windows.
Why the Naira Is Stable
Analysts attribute the calm to:
1. Improved liquidity in official FX windows
2. Cooling inflation and a more cautious monetary stance from the CBN
3. Increased inflows from government securities and commodities, which have boosted reserves
These factors together have helped keep the naira from swinging sharply.
Read Also;
Dollar to Naira exchange rate today, November 15, 2025
What This Means for Nigerians
Remittances: People receiving dollars will get rates in the mid-₦1,400s officially, slightly higher in the parallel market.
Businesses and Importers: The gap between markets still creates pressure for those relying on the parallel market for quick FX.
Investors: Short-term volatility is low for now, but long-term movements will still depend on broader economic indicators and interest-rate trends.
