Dollar to Naira exchange rate today, November 6, 2025

The naira traded around ₦1,440 to the US dollar on Nigeria’s official Daily Nigerian Foreign Exchange Market (NFEM) on Thursday, while the parallel (black) market quoted the greenback between about ₦1,450 and ₦1,469.

Key rates

NFEM (official VWAP): ₦1,439.90 per US$1. ([Trading Economics][1])

Parallel / black market (typical quotes): buying ₦1,450; selling ₦1,460–₦1,469.

Market colour
Thursday’s official NFEM figure — the volume-weighted average price used as the day’s reference — remained close to earlier sessions, reflecting continued stability in interbank flows after recent Central Bank of Nigeria interventions and policy moves.

Meanwhile, Lagos parallel market dealers (Aboki) were selling dollars for roughly ₦1,460–₦1,469, putting the parallel-to-official premium at about 2.0% on the high-end quote. That premium measures the gap retail buyers pay above the NFEM reference.

Why it matters
The divergence between the NFEM (official) rate and the parallel market matters for importers, small businesses and remittance recipients. A wider premium can raise costs for goods and dampen investor confidence; a narrowing gap is usually read as improving FX market cohesion. Recent CBN steps to manage liquidity in the FX market and support the naira have helped limit extreme swings.

Quick context (recent trend)
After sharp volatility earlier in 2025, the naira has shown signs of stabilisation in November with NFEM prints clustering around the mid-₦1,400s and parallel quotes broadly within a ₦20–₦50 band of that level. Analysts point to improved forex inflows into the FX window and measured policy adjustments for the easing of turbulence.