Dollar To Naira Exchange Rate Today, November 8, 2025

The naira traded flat-to-firmer on Saturday as Nigeria’s official Daily Nigerian Foreign Exchange Market (NFEM) held around ₦1,436 to the US dollar, while the parallel (black) market quoted the greenback near ₦1,470 (sell). Traders said limited volatility at the official window and steady demand at bureaux-de-change kept spreads narrow between the two markets.

Key rates

NFEM / official (volume-weighted average): ~₦1,436 per $1.

Parallel / black market (Lagos, Abuja, Port Harcourt): ₦1,470 (selling); reported buy levels around ₦1,445–₦1,458.

What happened today

The official NFEM rate remained close to levels recorded at the end of this week after a period of modest strengthening for the naira.

Market-data providers show the official window trading in the mid-₦1,430s on Friday and remaining steady into Saturday, reflecting calm flows from exporters and small-dollar remittances.

At the parallel market, dealers quoted the dollar about ₦30–₦35 stronger than the official rate. Although the spread persists, dealers said activity was patchy, most demand was retail and travel-related rather than large corporate orders which limited sharp moves. Online black-market trackers reported selling quotes at about ₦1,469–₦1,470.

Why it matters

The gap between the NFEM and the parallel market remains a barometer of liquidity and confidence in official FX channels. A narrower spread generally signals improved foreign-exchange availability through banks and authorised bureaux; a widening spread points to continued pressure in informal channels. Recent central bank policy moves and foreign-exchange inflows have helped stabilise the official rate in recent months.

Outlook

Analysts say near-term direction will depend on (1) FX inflows from oil and non-oil exporters, (2) portfolio flows into local debt markets, and (3) any fresh central-bank guidance or interventions. With inflation trending down and the Central Bank of Nigeria having signalled a more predictable policy path, traders expect limited volatility unless a large shock to flows occurs.