Dollar to Naira Black Market Exchange Rate Today, Friday, November 28th 2025

The Nigerian Naira closed the final trading day of the week on a stable note against the United States Dollar in the parallel market.

As of Friday, November 28th 2025, the Dollar to Naira Black Market exchange rate is ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, according to reports from active Bureau De Change (BDC) operators in Lagos, Abuja, Ibadan, and Kano.

Despite heightened holiday-driven demand for forex, the market continues to maintain a relatively steady pricing structure due to consistent inflows from informal remittance channels and stable liquidity conditions. Traders say buyers remain cautious as rates fluctuate only within narrow margins this week.

Dollar to Naira Black Market Rate — Market Table

Figures confirmed from real-time monitoring by Naijaonpoint.

How Much Is Dollar to Naira Today in Black Market?

Today’s Dollar to Naira Black Market rate remains accessible within the ₦1,450–₦1,460 band. This reflects a controlled market environment despite increased transactions from importers and travelers preparing for festive-season activities.

Dealers say there is optimism that the Naira may continue to hold its current position so long as FX demand does not exceed the improving supply levels from private dollar inflows.

To check official bank-regulated FX rates and CBN updates:
Central Bank of Nigeria

Why the Naira Remains Stable Despite Festive Demand

Market analysts outline several positive factors responsible for today’s stable pricing:

✔ Strong Remittance Inflows

Diaspora transfers into Nigeria stay elevated during the holiday season, boosting liquidity.

✔ Robust Oil Price Performance

Crude oil trading consistently above $85 per barrel helps reinforce Nigeria’s forex reserves.

✔ Managed Import Activity

Many retailers and SMEs are pacing their FX sourcing to avoid pushing up the market rate.

✔ Moderated Speculation

Currency holders are trading cautiously amid a predictable rate environment — fewer hoarding activities.

✔ Consistent Cash Circulation

BDC operators report no significant shortage of physical dollars this week.

These dynamics enable the Naira to absorb pressure without slipping significantly.

Economic Implications for Nigerians

The Naira’s stability in the Black Market helps soften broader market risks:

Positive Economic Outcomes

• Slower inflationary pass-through to consumer goods

• More controlled pricing for imported food, electronics, and clothing

• Greater business confidence for managing end-of-year operations

• Predictable cash-flow planning for students and medical travelers

Remaining Structural Weaknesses

• Persistent reliance on the black-market channel

• Limited diversification of forex sources beyond oil

• Inflation remains vulnerable to sudden market disruptions

Thus, stability offers breathing room — but deeper reforms are still necessary.

Market Outlook Heading Into December

FX analysts predict the Naira will likely trade between ₦1,448 and ₦1,470 per dollar going into the first week of December.

Key drivers to monitor in coming days include:

• Intensifying retail import orders

• Travel-related demand for holiday flights

• Global oil market movement

• Official FX liquidity decisions from the CBN

As Nigeria enters its highest-volume commercial season, traders remain alert to any supply strain that could trigger swift pricing reactions.

Conclusion

The Dollar to Naira Black Market exchange rate today, Friday, November 28th 2025, stands at:

• ₦1,450 per $1 for buying

• ₦1,460 per $1 for selling

For verified updates on Dollar to Naira, trusted market intelligence resources include:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria

With November ending on a stable trend, investors, businesses, and consumers will be closely watching liquidity conditions as Nigeria transitions into December’s peak forex activity period in the Black Market.