- Dollar to Naira Exchange Rate – Sunday, November 9, 2025
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Official market: ₦1,434 to ₦1,438 per US $1.
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The large spread reflects structural FX market challenges in Nigeria.
The Nigerian naira held steady against the US dollar on Sunday, November 9, 2025 with noteworthy differences between official and parallel (black market) exchange rates.
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EKO HOT BLOG reports that in the black market, dealers quoted the greenback at:
| Exchange Window | ₦ per US $1 |
|---|---|
| Selling Rate | ₦ 1,469 |
| Buying Rate | ₦ 1,445 |
In the official window (as tracked by data aggregators):
| Exchange Window | ₦ per US $1 |
|---|---|
| Highest Rate | ₦ 1,438 |
| Lowest Rate | ₦ 1,434 |
These figures reflect continued pressure on the naira, with the parallel market trading at premiums over official rates an indication of tight dollar supply and sustained demand from importers and individuals seeking foreign currency.
Market analysts suggest that the spread between official and black-market rates underscores ongoing liquidity constraints in the foreign exchange market, despite government efforts to stabilize the naira and boost FX inflows.
For individuals planning to exchange dollars, experts recommend using official channels—banks or authorised foreign-exchange bureaus—where rates are more transparent and subject to regulation. The black market may offer quicker access to dollars, but it carries higher risk and fluctuating pricing.
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