The Nigerian Naira traded in a narrow range against the United States dollar in the parallel market on Tuesday, maintaining its recent pattern of mild volatility.
As of November 11th 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, according to data gathered from major Bureau De Change (BDC) operators in Lagos and Abuja.
The modest movement highlights the market’s relative stability, supported by consistent dollar inflows and reduced speculative trading. Dealers said the Naira continues to benefit from improved remittance flows, moderate demand for foreign exchange, and a more coordinated approach to market regulation.
Black Market Dollar to Naira Rate Overview
| Date | Market Type | Buying (₦) | Selling (₦) | Change |
|---|---|---|---|---|
| Tuesday, Nov 11, 2025 | Black Market | 1,455 | 1,465 | +₦5 ▲ |
| Monday, Nov 10, 2025 | Black Market | 1,450 | 1,460 | – |
| Official (CBN) | — | — | — | See CBN |
Exchange rates confirmed 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 ₦1,455 for buying and ₦1,465 for selling. This slight depreciation reflects end-of-week demand pressures as importers and business owners source dollars to settle international transactions.
Despite the mild weakening, traders say the overall sentiment remains positive, with sufficient liquidity keeping the Naira relatively stable across key trading centers. For verified official rates, visit the Central Bank of Nigeria (CBN).
Key Factors Driving the Naira’s Performance
The Naira’s performance in the black market this week has been shaped by a blend of domestic and external factors, including:
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Steady Dollar Inflows: Nigeria continues to receive consistent remittance inflows, helping sustain dollar supply.
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Moderate Import Demand: Lower import activity has reduced pressure on the local currency.
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Stable Oil Prices: Crude oil remains above $84 per barrel, supporting the country’s external reserves.
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Reduced Speculation: Traders report fewer speculative transactions, which has helped limit volatility.
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CBN Oversight: Market participants note that improved regulatory coordination has contributed to steady rate trends.
While these factors are supporting the Naira, analysts caution that limited forex inflows from non-oil exports could keep the currency vulnerable to external shocks.
Economic Impact
The Naira’s current range in the Dollar to Naira Black Market has several implications for Nigeria’s economy:
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Importers: Slight depreciation increases import costs marginally but remains manageable for most traders.
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Consumers: A stable Naira helps moderate inflation, especially in food and imported goods.
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Businesses: Predictable exchange rates enhance financial planning and reduce exposure to forex risk.
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Students and Travelers: Continued rate stability eases forex sourcing for tuition payments and international travel.
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Investors: Consistency in forex rates boosts investor confidence, especially in short-term portfolio inflows.
However, persistent differences between the official and black market exchange rates continue to distort trade pricing and limit foreign investment potential.
Market Outlook
Analysts expect the Naira to trade within a stable band of ₦1,450 to ₦1,470 per dollar through the remainder of the week, supported by oil-related inflows and strong remittance volumes. A sustained inflow trend could strengthen the Naira further toward the mid-₦1,440 range in the near term.
Long-term outlook, however, remains cautious. Economic experts stress the need for policy consistency, export diversification, and increased investor participation to ensure durable exchange-rate stability.
Conclusion
The Dollar to Naira Black Market exchange rate today, Tuesday, November 11th 2025, stands at ₦1,455 for buying and ₦1,465 for selling, showing a minor adjustment as forex demand picked up slightly.
For credible and up-to-date information on Dollar to Naira, visit Naijaonpoint, Aboki Forex, and the CBN.
While the Naira’s position remains relatively stable, maintaining this trajectory will depend on steady inflows, consistent fiscal coordination, and continued confidence in Nigeria’s monetary policies.