- Dollar to Naira Rate Today, November 13, 2025: Official
- Exchange gap widens as demand for dollars stays high.
- Analysts link pressure to limited forex inflow and weak policy confidence.
The Nigerian naira remained under pressure on Thursday, November 13 2025. According to official data, the exchange rate at the Central Bank of Nigeria (CBN) is around ₦1,440.79 to one US dollar.
In the parallel (black) market, one US dollar is being bought for about ₦1,453 and sold for approximately ₦1,460.
Exchange Rate Table: November 13 2025
| Market | USD/NGN Rate |
|---|---|
| Official (CBN) | ~ ₦1,440.79 |
| Parallel / Black Market (buy) | ~ ₦1,453 |
| Parallel / Black Market (sell) | ~ ₦1,460 |
Despite the official rate holding at around ₦1,440 per dollar, the parallel market continues to trade at about ₦17 higher, reflecting persistent dollar scarcity and stronger demand outside the formal channels.
For importers, businesses and individuals needing US dollars, this gap means that budgeting should factor in the black market premium if access through official windows is limited. While the official rate offers a benchmark, the practical cost of securing dollars may be closer to the informal level.
Analysts suggest the divergence will likely persist until inflows improve or policy clarity strengthens. Until then, the difference between the official and black‐market rates remains a key cost driver for cross-border trade and pricing for foreign-currency needs.
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