Dollar To Naira Rate Today, November 19, 2025

Naira hold steady for Wednesday as official Daily Nigerian Foreign Exchange Market (NFEM) fixing dey trade for mid-₦1,400s, while parallel black-market rate still dey high, showing say two-tier dollar market still dey strong for Naija. Official NFEM rate waka about ₦1,447–₦1,449 per dollar, while market-traded USD/NGN for real-time platforms close around ₦1,446.7. For street, parallel/Abokifx sell rate na roughly ₦1,465 per dollar, while buy dey around ₦1,455, giving gap of about ₦10 between buy and sell. Official onshore liquidity small, so NFEM fixing no too move, banks and authorised dealers dey access FX based on FMDQ/CBN trading activity. But parallel market still dey quote mid-₦1,460s, wey dey make importers and small business wahala for planning dollar costs.

Analysts talk say gap still dey because importers demand, uneven FX distribution to licensed channels, and CBN dey careful with intervention. Even though CBN reduce policy rate for September 2025 to help disinflation and growth, gap never close. For short-term, USD/NGN dey waka for mid-₦1,400s all week, weekly high touch mid-₁,470s with small intraday wahala as liquidity and crude oil receipts dey change. For Naija people, importers and firms wey dey need dollar still dey pay extra if dem use parallel market. Consumers and travellers go see official bank quotes no change much, but street dealers go still dey charge premium. Businesses wey get access to NFEM or authorised BDC channels dey enjoy lower mid-₦1,400s rates compared to parallel market.