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Di Nigerian naira dey hover for mid-₦1,400s against di US dollar on Wednesday, November 26, as official Daily Nigerian Foreign Exchange Market (NFEM), di volume-weighted average price (VWAP), stay around ₦1,452–₦1,456 per $1. For parallel (black-market) side, dealers quote dollar between ₦1,455 and ₦1,468, with dem buying for ₦1,450–₦1,455 and selling for ₦1,460–₦1,468. CBN NFEM data show say di benchmark still dey stable for mid-₦1,400s, while traders for parallel market record wider quotes as cash dealers dey operate for low ₦1,450s to high ₦1,460s. Di NFEM VWAP na wetin banks, importers and some government agencies use price dollar-linked deals, while parallel rate dey influence remittances, retail FX and informal market moves.
Analysts say na mix of CBN FX window management, better liquidity and recent monetary-policy signals dey hold di naira for current levels. Recent CBN rate decisions and corridor adjustments, wey Reuters highlight as key for exchange-rate stability, dey shape investor confidence and bank pricing. For importers, NFEM around ₦1,452–₦1,456 dey make landed-cost planning clear when dem access official FX, but small businesses and individuals wey depend on cash or informal channels still dey face higher costs tied to parallel quotes for high ₦1,460s.
Written by: News Editor 1
cbn dollar rate DOLLAR TO NAIRA EXCHANGE RATE naira to dollar today
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