Naira to Dollar rate today, November 5, as naira trades steady at black & official markets
The naira maintained its stability on Wednesday, November 5, 2025, as trading across Nigeria’s official and parallel foreign-exchange markets showed little movement.
At the Nigerian Foreign Exchange Market (NFEM), the US dollar traded between ₦1,430 and ₦1,445, while parallel-market dealers quoted the greenback around ₦1,435–₦1,459.
Key Exchange Rates
Official NFEM (VWAP): About ₦1,433–₦1,444 per US$1
Parallel Market: Dealers buying around ₦1,435 and selling between ₦1,450–₦1,459 per US$1
Calm Market Conditions
Traders said the market remained calm following a series of Central Bank of Nigeria (CBN) policy actions and steady dollar inflows in recent weeks. These measures helped prevent sharp fluctuations in the naira’s value.
Retail dealers in Lagos and Abuja continued to sell dollars at a slight premium to the official rate, with most quoting around ₦1,450 for sellers.
CBN Measures Support Stability
Analysts attributed the naira’s recent stability to the CBN’s interventions and easing inflation pressures following the September 2025 policy rate cut. Improved foreign-exchange inflows also contributed to reduced volatility.
However, experts warned that fiscal challenges and potential external shocks could still pose risks to the currency’s stability in the coming months.
