- Dollar to Naira Rate For Today – November 23 2025
- Black-market rate sits at approximately ₦1,470 per dollar.
- Naira shows some stability but remains exposed to external risks.
On 23 November 2025, the U.S. dollar (USD) to Nigerian naira (NGN) rate held steady in official channels at approximately ₦1,456 per dollar. According to a mid-market figure, the official rate stands near ₦1,456.07.
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EKO HOT BLOG reports that meanwhile, the parallel or black-market rate remains elevated, with dealers offering the dollar for around ₦1,470 and buying at approximately ₦1,458.
| Market Type | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Official Market | ≈ ₦1,456.00 | ≈ ₦1,456.00 |
| Black Market (Aboki) | ₦1,458 | ₦1,470 |
The modest spread between official and informal rates suggests some stability in the market, but the premium in the parallel market indicates persistent demand and limited supply outside formal channels.
For importers, exporters, remittance receivers and travellers, each dollar converted officially now yields around ₦1,456, while those transacting outside formal windows may pay up to ₦1,470.
Looking ahead, the naira’s trajectory depends on foreign-reserve flows, oil revenue performance, investor sentiment and policy pronouncements from the Central Bank of Nigeria (CBN).
The relatively narrow gap is a positive sign, yet external vulnerabilities such as oil-price shocks or global interest-rate shifts could still apply pressure. It remains important to monitor the official-versus-parallel rate difference as a key gauge of market stress.
