The Nigerian Foreign Exchange Market (NFEM) saw the Naira trading relatively flat against the US Dollar on Thursday, November 13, 2025, maintaining levels seen in previous trading sessions. The parallel market, often used by businesses and individuals for dollar transactions, also reflected a similar stability.
NFEM Exchange Rate Details
According to data from the official Nigerian Foreign Exchange Market (NFEM), 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 NFEM price points observed were:
NFEM Rate (Opening): Approximately ₦1,440.08/$
Highest Daily Rate: Approximately ₦1,442.17/$
Lowest Daily Rate: 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 (CBN) to stabilise the country’s main foreign exchange window. The closing rate from the previous business day was reported near ₦1,440.89/$.
Parallel Market (Black Market) Rate Today
Information from Bureau De Change (BDC) operators and foreign exchange traders in the parallel market indicates that the Dollar-to-Naira exchange rate for buying and selling remains tightly grouped.
The unofficial parallel market is tracking slightly higher than the NFEM, a persistent trend reflecting demand and supply dynamics outside the official window. While real-time black market rates can vary by location and dealer, the indicative range for today is:
Parallel Market Buying Rate: Around ₦1,450/$
Parallel Market Selling Rate: Around ₦1,460/$
Market Analysis and Outlook
The relative stability in both the official and parallel markets indicates that policy measures and increased foreign exchange liquidity may be having a mild, sustained impact. 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 (MPR), and the inflow of foreign portfolio and direct investment.
These factors are critical in determining the Naira’s strength against the Dollar in the coming weeks.
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