- Dollar/Naira Exchange Rate — 14 November 2025
- Black market trades around ₦1,460, widening the gap for forex users.
- Forex pressure persists as Nigeria battles low liquidity and rising demand.
Today 14 November 2025 the U.S. Dollar (USD) exchanged for approximately ₦1,441.35 in the official market in Nigeria.
In the parallel (black) market, rates remain elevated — for instance, $100 could fetch around ₦146,000, implying about ₦1,460.00 per $1.
| Market Type | USD/NGN Rate |
|---|---|
| Official (bank/CBN) | ₦1,441.35 |
| Parallel / Black Market | ₦1,460 approx. |
Analysis:
The naira continues to trade close to the ₦1,440-₦1,450 band against the dollar, consistent with data from earlier this month.
The spread between the official rate and the black market remains noticeable, reflecting ongoing pressure on foreign-exchange supply and market segmentation.
Businesses and individuals relying on imports, remittances, or dollar-exposure may face elevated costs until FX liquidity improves or policy adjustments occur.
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If the central bank eases FX or monetary policy pressure, the naira may stabilise further.
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Continued divergence between official and parallel rates suggests potential for arbitrage and risk for firms needing FX.
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Import-cost inflation remains a concern as the naira’s value stays under pressure.
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