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Di naira trade for two-tier market on Thursday, November 27, 2025, as di official Daily Nigerian Foreign Exchange Market (NFEM) fixing stay around mid-₦1,400s, while di parallel black-market dollar weak pass am with roughly ₦1,460–₦1,465 to $1. For di official NFEM side, di volume-weighted average rate hover around ₦1,446 per $1 as CBN publish di latest figures. For di black market, dealers for major hubs like Lagos dey quote around ₦1,460–₦1,465 per $1, showing say demand for street dollars strong pass wetin dey available for outside formal channels. Black-market trackers even report near ₦1,464–₦1,465, meaning Nigerians wey buy or sell dollars for street dey pay several dozen naira above di official fixing.
Di gap wey still dey between di NFEM fixing and di parallel rate show say liquidity and access wahala still dey disturb di formal FX market. For businesses and individuals, di wide spread dey add cost to imports, dollar-priced services and foreign travel, and e dey push up price of imported goods when dem source dollars on di street instead of authorised channels. Market dashboards and price feeds show say USD/NGN official fixing don dey for mid-to-high ₦1,400s in recent days, while black-market rate sit higher and sometimes pass ₦1,460. Even though small intraday volatility show for di week, no sharp devaluation hit di official fixing as of November 27.
Written by: News Editor 1
cbn rate dollar to naira today exchange rate naira rate today
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