The Nigerian Naira appreciated further against the United States dollar in the parallel market on Thursday, extending its recent run of stability and moderate strength.
As of November 13th 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,445 per dollar for buying and ₦1,455 per dollar for selling, according to market data obtained from Bureau De Change (BDC) operators in Lagos and Abuja.
The Naira’s steady recovery is being supported by consistent inflows from remittances, relatively stable oil prices, and low speculative activity. Traders report improved confidence among market participants, while dollar demand has remained moderate across key commercial centers.
Dollar to Naira Exchange Rate Overview
| Date | Market Type | Buying (₦) | Selling (₦) | Change |
|---|---|---|---|---|
| Thursday, Nov 13, 2025 | Black Market | 1,445 | 1,455 | +₦5 ▲ |
| Wednesday, Nov 12, 2025 | Black Market | 1,450 | 1,460 | — |
| Official (CBN) | — | — | — | See CBN |
Rates 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 ₦1,445 for buying and ₦1,455 for selling. The slight appreciation reflects stable forex conditions and moderate dollar inflows into the informal market.
Traders said the Naira’s resilience has been underpinned by improved remittance volumes and a reduction in speculative buying. Forex demand from importers and travelers remains steady but contained, allowing the local currency to maintain a firm trading range.
For official exchange rate information and policy updates, visit the Central Bank of Nigeria (CBN).
Factors Supporting the Naira’s Strength in the Black Market
The Naira’s stability in the parallel market is the result of a combination of favorable domestic and global factors:
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Improved Dollar Supply: Strong remittance inflows and export proceeds have bolstered liquidity.
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Stable Crude Prices: Brent crude trading near $85 per barrel continues to support Nigeria’s external reserves.
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Reduced Speculation: Market participants have scaled back speculative trading amid tighter oversight and policy consistency.
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Moderate Forex Demand: Import and business-related dollar requests remain manageable, easing market pressure.
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Investor Confidence: A more stable forex environment is gradually improving investor sentiment.
Analysts believe that as long as these conditions persist, the Naira is likely to sustain its gains in the short term.
Economic Implications
The Naira’s appreciation in the Dollar to Naira Black Market has broad economic effects across several sectors:
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Importers: Lower exchange rates reduce import costs and may help stabilize product prices.
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Consumers: A stronger Naira helps to ease inflationary pressure, particularly on imported goods.
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Businesses: Stable forex conditions make planning and budgeting easier for companies with international exposure.
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Students and Travelers: Lower rates reduce costs for tuition, medical payments, and travel expenses abroad.
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Investors: A relatively steady currency encourages renewed investor confidence in Nigeria’s financial markets.
However, economists continue to warn that the long-term stability of the Naira will depend on sustainable forex inflows and structural reforms to reduce dependency on the parallel market.
Market Outlook
Analysts project that the Naira will likely trade within the ₦1,440 to ₦1,460 per dollar range through the weekend if current inflow levels remain stable. With strong oil receipts and steady remittance activity, the local currency is expected to maintain its positive trajectory.
That said, Nigeria’s broader forex landscape remains vulnerable to fluctuations in oil prices and global financial conditions. The Central Bank’s ability to sustain liquidity and align policies between official and parallel markets will be key to long-term currency stability.
Conclusion
The Dollar to Naira Black Market exchange rate today, Thursday, November 13th 2025, stands at ₦1,445 for buying and ₦1,455 for selling, marking a continuation of the Naira’s modest appreciation against the dollar.
For daily verified updates on Dollar to Naira, visit Naijaonpoint, Aboki Forex, and the CBN.
While the Naira’s outlook remains encouraging, sustained progress will depend on continued policy stability, diversification of foreign exchange sources, and greater investor confidence in Nigeria’s macroeconomic framework.