The Nigerian Foreign Exchange Market saw the Naira trading relatively flat against the United States Dollar on Thursday, November 13, 2025, maintaining levels observed in previous trading sessions.
A similar stability was reflected in the parallel market, which is frequently utilized by businesses and individuals for their dollar transactions.
According to official NFEM data, the exchange rate for the US Dollar to Naira hovered “around ₦1,440.08 per US Dollar in early trading on Thursday, November 13, 2025.”
Key price points observed in the NFEM included an opening rate of approximately ₦1,440.08/$, a highest daily rate of approximately ₦1,442.17/$, and a lowest daily rate of approximately ₦1,440.08/$.
The official market continues to experience fluctuations, but the latest data suggests a continued effort by the Central Bank of Nigeria to stabilize the country’s main foreign exchange window. The closing rate from the previous business day was reported near ₦1,440.89/$.
Information gathered from Bureau De Change ) operators and foreign exchange traders in the parallel market indicates that the Dollar-to-Naira exchange rate for buying and selling remains tightly grouped.
The unofficial parallel market is tracking slightly higher than the NFEM, which is a persistent trend reflecting demand and supply dynamics outside the official window. While real-time black market rates can vary by location and dealer, the indicative range for today is “Around ₦1,450/$” for the buying rate and “Around ₦1,460/$” for the selling rate.
The relative stability noted in both the official and parallel markets indicates that policy measures and increased foreign exchange liquidity may be having a mild, sustained impact.
Furthermore, the narrow gap between the NFEM and parallel market rates “is often cited as a sign of improving market efficiency and a reduction in speculative trading.”
Market watchers will continue to monitor the impact of the CBN’s ongoing monetary policies, including adjustments to the Monetary Policy Rate, and the inflow of foreign portfolio and direct investment, as “These factors are critical in determining the Naira’s strength against the Dollar in the coming weeks.”
