- Dollar to Naira Rate – 10 November 2025 (Black Market/ Official Rate)
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Parallel market rate remains high at about ₦1,470 per dollar.
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Forex demand pressure continues despite slight official market stability.
The Nigerian currency continued to face pressure at both the official and parallel markets today, Monday, November 10, 2025, as the exchange rate between the naira and the United States dollar remained largely unchanged.
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EKO HOT BLOG reports that while the official market showed slight stability, traders in the parallel market reported persistent demand for the dollar, keeping the rate elevated.
Below is the full breakdown of today’s dollar to naira exchange rates across markets.
Current Rates
| Market | Rate (USD → NGN) |
|---|---|
| Official/CBN-announced (NFEM) | Around ₦1,436 to ₦1,444 per US$1 |
| Parallel/Black Market | Approximately ₦1,470 per US$1 |
Summary & Context
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On the official Nigeria Foreign Exchange Market (NFEM) rate, data shows 1 USD trading at about ₦1,436 on 7 November 2025
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The black market (parallel) rate is higher, reflecting informal trading pressures, with figures around ₦1,470 per US$1.
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The spread between official and parallel markets remains significant, indicating ongoing FX market distortions and potential risks for importers, travellers and businesses relying on foreign currency.
Implications
With the naira trading at about ₦1,436 official and up to ₦1,470 in the parallel market, businesses importing goods priced in dollars face higher local currency cost. Consumers may feel this through rising prices of imported items, travel costs, and education abroad. The differential also encourages informal dollar trading, which undermines official efforts to stabilise the currency.
If the official rate holds around ₦1,440 while the parallel rate remains elevated, pressure on the naira may persist unless foreign-exchange inflows strengthen or policy interventions take effect. Stakeholders should monitor central bank actions and FX supply trends closely.
EDITOR’S PICKS
- Emirates To Resume Flights To Nigeria After Two-Year Suspension
- Trump: BBC Questions Data Behind ‘Christian Genocide’ Claims In Nigeria
- PDP Faction Postpones Ekiti Governorship Primary
EKO HOT BLOG reports that
