Dollar To Naira Exchange Rate Today, November 21, 2025

Di naira don dey trade around ₦1,450 to di US dollar for Nigeria official Nigerian Foreign Exchange Market (NFEM) on Friday, November 21, 2025. For di Lagos parallel (black) market, dealers dey quote di dollar between about ₦1,460 (buy) and ₦1,474 (sell). Traders for di parallel market dey sell higher because demand dey from people wey dey buy dollar for imports, remittances, and personal use outside di official system. Analysts talk say di gap between di official NFEM rate and di parallel market dey because dollar supply no dey plenty for formal channels while demand dey strong. Di CBN policy moves, including di cut for policy rate earlier this year, don help small for market stability but parallel premium never disappear.

Di higher parallel market rate dey affect importers because e dey raise di cost of goods wey dem buy with dollar when dem no fit get NFEM allocation. Businesses fit push di extra cost enter prices for consumers. People wey dey convert dollar outside official channel dey receive fewer naira per dollar, and dat dey increase di effective cost of foreign currency. Travel and remittance also dey cost more because of di spread between official rate and parallel market. Di market still dey under pressure, and traders dey watch how di dollar go move.