Official Dollar to Naira Rate 6 November 2025

• Official Dollar to Naira Rate 6 November 2025

• Black market dealers sold the dollar between ₦1,450 and ₦1,460.

• Analysts say stability in rates reflects stronger inflows and market confidence.

Nigeria’s foreign-exchange markets remain tight as the naira holds steady against the US dollar. Below are the latest rates for the dollar (USD) to the Nigerian naira (NGN):

Exchange Rates

Key Takeaways:

• On 6 November 2025, the official mid-market rate stood at approximately ₦1,441.68 per US dollar.

• In the parallel (black) market, dealers were buying dollars at around ₦1,450 and selling at roughly ₦1,460.

• The spread between the official rate and black-market quotes remains narrow, signalling relative stability in currency markets.

Context & Implications:
The naira’s modest movement reflects interventions and inflows stabilising conditions in Nigeria’s foreign-exchange ecosystem. Meanwhile, the black-market rate sits only slightly higher than the official level, suggesting reduced pressure from speculative demand. For businesses and imports, however, the difference still presents cost considerations — especially for firms reliant on dollar-denominated inputs.

Analysts note that maintaining discipline in FX markets is crucial as Nigeria pursues economic objectives including debt servicing, import substitution and industrialisation. A narrow official-parallel market gap helps avoid disruptive arbitrage that can erode FX reserves or spur rapid depreciation.

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