November 4 The Exchange rate for the Naira and Dollar currently measured by the CNB, is the CNB measure
The naira maintained stability against the United States dollar on Tuesday, November 4, 2025, trading around ₦1,444 at Nigeria’s official Daily Nigerian Foreign Exchange Market (NFEM).
In the parallel market, the dollar exchanged between ₦1,435 and ₦1,450, showing little movement from previous sessions.
Exchange Rates Overview
At the NFEM, the volume-weighted average price stood at ₦1,444 per US dollar. In the black market, traders bought the dollar for ₦1,435 and sold it at ₦1,450.
Reason for Stability
The naira’s calm performance follows recent Central Bank of Nigeria (CBN) policies and increased foreign exchange inflows.
Experts say steady CBN dollar sales and relaxed monetary measures have helped ease market pressure. However, inflation and global oil prices remain key factors influencing the currency’s direction.
Market Implications
At the current official rate, US$100 costs about ₦144,400. On the parallel market, the same amount trades between ₦143,500 and ₦145,000, depending on the dealer.
Analysts advise importers and businesses to use authorised CBN and FMDQ channels to avoid paying higher premiums or breaching compliance rules.
Individuals sending or receiving money are also urged to compare official and street rates before transactions.
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