The Nigerian Naira started the new week on a relatively stable note against the United States dollar in the parallel market.
As of Monday, November 10th 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, according to data obtained from major Bureau De Change (BDC) operators in Lagos and Abuja.
The Naira’s performance reflects steady liquidity conditions and moderate forex demand across major trading centers. Market participants said the currency’s stability is being supported by increased remittance inflows and steady oil-related revenue, which have helped boost dollar availability in recent weeks.
Black Market Dollar to Naira Rate Overview
| Date | Market Type | Buying (₦) | Selling (₦) | Change |
|---|---|---|---|---|
| Monday, Nov 10, 2025 | Black Market | 1,450 | 1,460 | — |
| Friday, Nov 7, 2025 | Black Market | 1,440 | 1,450 | +₦10 ▲ |
| Official (CBN) | — | — | — | See CBN |
Figures verified by Naijaonpoint.
How Much Is Dollar to Naira Today in Black Market
As of this morning, the Dollar to Naira Black Market exchange rate is ₦1,450 for buying and ₦1,460 for selling. This shows that the Naira maintained relative strength after appreciating last week.
Traders attribute the sustained stability to steady inflows from diaspora remittances, improved dollar circulation among BDC operators, and reduced speculative trading. Many dealers expect the Naira to trade within a tight range throughout the week barring any major policy surprises.
For the latest official rates, visit the Central Bank of Nigeria (CBN).
Factors Influencing the Dollar to Naira Black Market Rate
The current stability in the parallel market is driven by several key macroeconomic and market-related factors:
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Improved Dollar Supply: Consistent inflows from oil exports and diaspora remittances have helped meet market demand.
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Reduced Speculation: Traders have become more cautious amid stricter CBN oversight and stable market conditions.
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Moderate Demand: Import-related dollar demand has softened, easing pressure on the Naira.
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Steady Oil Prices: Brent crude prices hovering around $85 per barrel continue to support Nigeria’s foreign reserves.
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Positive Market Sentiment: Improved confidence in monetary management has slowed panic buying of foreign currency.
These dynamics have collectively helped the Naira resist downward pressure in the black market over recent sessions.
Economic Implications
The continued strength of the Dollar to Naira Black Market rate carries mixed economic implications for businesses, investors, and consumers:
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Importers: Benefit from lower exchange rates, which could ease import costs and stabilize product prices.
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Consumers: A stronger Naira helps slow inflation by keeping imported goods relatively affordable.
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Investors: Improved forex stability enhances investor confidence and supports short-term capital inflows.
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Students and Travelers: Lower black market rates make tuition and travel expenses more manageable.
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Government Revenue: A stable Naira supports fiscal projections by reducing exchange-rate volatility in public spending.
Nonetheless, the persistent gap between the official and black-market rates highlights ongoing structural challenges in Nigeria’s forex system.
Market Outlook
Analysts expect the Naira to trade between ₦1,445 and ₦1,465 per dollar in the coming days if market fundamentals remain consistent. Traders anticipate that the combination of oil revenue inflows, remittances, and improved CBN interventions will keep the Naira relatively steady through mid-November.
However, experts warn that long-term stability depends on increasing non-oil export earnings, boosting investor confidence, and narrowing the disparity between official and parallel market rates.
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, November 10th 2025, stands at ₦1,450 for buying and ₦1,460 for selling, showing the Naira’s sustained stability as the new week begins.
For daily verified updates on Dollar to Naira, visit Naijaonpoint, Aboki Forex, and the CBN.
While the Naira’s short-term outlook remains positive, long-term resilience will rely on consistent policy reforms, deeper export diversification, and sustained confidence in Nigeria’s foreign exchange management framework.