- Dollar to Naira Exchange Rate Today, November 8.
- CBN official rates ranged between ₦1,434 and ₦1,438 per dollar.
- Analysts cite strong demand and low supply for naira’s continued pressure.
The Nigerian naira continued to face pressure against the United States dollar today, Saturday, November 8, 2025, in both the official and parallel markets. Traders in the black market reported mixed activity as demand for the dollar remained strong amid low supply.
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EKO HOT BLOG reports that at the black market, the dollar was sold at ₦1,469 per $1 and bought at ₦1,445 per $1, reflecting slight stability compared to the previous day’s rates.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1,469 |
| Buying Rate | ₦1,445 |
Meanwhile, at the Central Bank of Nigeria (CBN) official window, the dollar traded between ₦1,434 and ₦1,438, showing a modest range of movement within the regulated foreign exchange market.
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,438 |
| Lowest Rate | ₦1,434 |
Market analysts attribute the recent naira performance to persistent demand for foreign exchange for imports and travel, coupled with limited dollar inflows. The CBN continues its efforts to stabilize the naira through tighter monetary policies and improved FX liquidity measures.
Experts advise Nigerians engaging in currency exchange to rely on official channels for transparent and secure transactions, as rates in the parallel market are often volatile and unregulated.
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