Dollar vs Naira Rate Today, Nov 24, 2025

Di naira dey trade around ₦1,456 to di US dollar for Nigerian Foreign Exchange Market (NFEM) on Monday, November 24, 2025, while di parallel (black) market for Lagos dey quote di dollar around ₦1,465 on average. Official NFEM rate, wey dey volume-weighted, dey roughly ₦1,456 per US$1, according to market reports and exchange-data services tracking CBN’s daily NFEM series. For parallel/black market, dealers dey post offers close to ₦1,465/US$1, with some windows dey quote small higher depending on location and cash availability. Di NFEM rate don dey range-bound around mid-₦1,400s for di past few days after earlier 2025 volatility, as foreign exchange liquidity don improve small. TradingEconomics and other data show say USD/NGN pair dey trade slightly softer than peaks wey dem see earlier dis month.

Several factors dey shape naira path: Central Bank stance, CBN published NFEM rates and policy actions dey anchor official market pricing, as CBN interventions and FX allocation rules don help stabilise di official window dis month. FX supply and oil receipts, Nigeria FX inflows from oil sales and foreign portfolio flows dey uneven, as any improvement dey reduce pressure for official window, while weak inflows dey push demand go parallel market. Demand for parallel market, cash demand, scarcity of small US dollar denominations, and quick settlement needs dey keep premium for black market compared to NFEM. Di spread between NFEM and parallel market dey affect import cost, remittance values, and pricing for dollar goods. Analysts talk say near-term FX direction go depend on weekly FX allocations, pace of foreign inflows for government/corporate securities, and oil export receipts plus global crude prices. Any major change fit push NFEM or parallel rates up or down within days.