The Nigerian Naira maintained a stable posture against the United States dollar in the parallel market on Friday, as trading activities remained calm across major commercial hubs.
As of November 14th, 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, based on pricing information from top Bureau De Change (BDC) operators in Lagos and Abuja.
This performance continues the Naira’s generally stable trend recorded throughout the second week of November. Market participants attribute the sustained performance to healthy remittance inflows, policy stability, and moderated speculative trading in the Black Market segment.
Dollar to Naira Exchange Rate Overview
| Date | Market | Buying (₦) | Selling (₦) | Change |
|---|---|---|---|---|
| Friday, Nov 14, 2025 | Black Market | 1,450 | 1,460 | — |
| Thursday, Nov 13, 2025 | Black Market | 1,445 | 1,455 | +₦5 ▲ |
| Official Rate (CBN) | — | — | — | See CBN |
Data validated through independent monitoring of the market and reports from Naijaonpoint.
How Much Is Dollar to Naira Today in Black Market?
As of this morning, operators are buying dollars at ₦1,450 and selling at ₦1,460, confirming relative stability when compared to trading levels earlier in the week.
Dealers report that demand for physical dollars remains balanced by sufficient liquidity, especially from remittances and business inflows. Traders also noted reduced panic buying as the currency continues to demonstrate resilience.
For those requiring official rates, including CBN-mandated bank and international transfer rates, refer to the Central Bank of Nigeria via the official link: CBN.
Drivers Behind Today’s Black Market Rates
Market analysts point to several domestic and global catalysts supporting the Naira’s steady behavior in the Black Market:
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Stable Oil Prices: Crude oil retains a comfortable trading range around $84–$86 per barrel, reinforcing foreign reserves.
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Healthy Remittance Flows: Increased diaspora transfers plugged into the informal market help maintain liquidity.
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Reduced Import Pressure: Lower import activity ahead of year-end holidays is easing dollar demand.
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Regulatory Coordination: Better monitoring by authorities dampens speculative currency trading.
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Improved Business Confidence: The private sector is adjusting to current monetary controls, reducing panic-hedging.
These dynamics are expected to keep the rate within a narrow band for the near term.
Economic Implications for Households and Businesses
The Naira’s stability in the Dollar to Naira Black Market continues to play a key role in consumer and business economics:
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Importers: Stable rates reduce the cost of securing forex for inventory procurement.
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Retail Pricing: Moderation of forex pressures helps prevent further spikes in the price of imported goods.
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Corporate Budgets: Predictable exchange rates improve financial planning and reduce operational risks.
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Families & Students Abroad: More stable conversion rates ease the cost of tuition and international upkeep.
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Investor Sentiment: Currency stability supports capital flows into Nigeria’s short-term financial markets.
Nonetheless, the persistent gap between unofficial and official rates remains a structural concern that affects long-term investor confidence.
Market Outlook
Currency experts anticipate that the Naira could stay within the ₦1,440 – ₦1,465 per dollar range through mid-November, barring unexpected shifts in global market conditions or sharp changes in local liquidity.
They argue that although current measures are supporting short-term performance, deeper structural reforms — particularly export diversification and enhanced dollar earnings — will be required to anchor long-term stability.
Conclusion
The Dollar to Naira Black Market exchange rate today, Friday, November 14th 2025, is ₦1,450 for buying and ₦1,460 for selling, signaling ongoing stability in Nigeria’s parallel forex markets.
For credible daily updates on Dollar to Naira, readers can rely on trusted monitoring sources including:
As attention turns toward year-end economic positioning, all eyes remain on policy direction, global oil dynamics, and Nigeria’s ability to sustain diversified forex inflows to support the Naira’s performance in both the official and parallel markets.