- Dollar to Naira Exchange Rate Today, November 11, 2025
-
CBN rate stands between ₦1,435 and ₦1,442 per dollar
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Exchange rate volatility persists despite ongoing reforms
The value of the naira remained under pressure in the foreign exchange market on Monday, November 11, 2025, as the U.S. dollar continued to trade strongly in the parallel (black) market.
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EKO HOT BLOG reports that according to sources at the Bureau De Change (BDC) in Lagos, the dollar traded at an average rate of ₦1,469 per dollar for selling and ₦1,445 for buying. This reflects continued volatility in Nigeria’s forex market, despite government efforts to stabilize the exchange rate through policy reforms and increased dollar inflows.
While the black market remains the most accessible for many Nigerians and small businesses, the Central Bank of Nigeria (CBN) has repeatedly emphasized that it does not recognize the parallel market. The apex bank insists that all legitimate forex transactions should be conducted through official channels such as commercial banks and licensed financial institutions.
Below is a breakdown of the current exchange rates for today:
| Dollar to Naira (USD to NGN) | Black Market Rate (Aboki FX) |
|---|---|
| Selling Rate | ₦1,469 |
| Buying Rate | ₦1,445 |
| Dollar to Naira (USD to NGN) | CBN Official Rate |
|---|---|
| Highest Rate | ₦1,442 |
| Lowest Rate | ₦1,435 |
It’s important to note that forex prices can vary slightly depending on the city and trader, as market demand and dollar availability often influence daily fluctuations.
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