The Nigerian Naira witnessed slight pressure against the United States Dollar in the informal foreign exchange market on Thursday as continued demand ahead of the festive season influenced market activity.
As of Thursday, November 27th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, based on confirmed pricing insights from Bureau De Change (BDC) operators in Lagos, Abuja, and Kano.
Although dollar sourcing activities have picked up this week, FX dealers report that liquidity remains fairly steady — keeping volatility limited and price movements contained within familiar ranges.
Dollar to Naira Exchange Rate — Black Market Overview
| Date | Market Segment | Buying Rate (₦) | Selling Rate (₦) | Trend |
|---|---|---|---|---|
| Thu, Nov 27, 2025 | Black Market | 1,455 | 1,465 | −₦5 ▼ |
| Wed, Nov 26, 2025 | Black Market | 1,450 | 1,460 | — |
| Official Rate (CBN) | — | — | — | View via CBN |
Daily market checks verified through reliable forex trackers including Naijaonpoint.
How Much Is Dollar to Naira Today in Black Market?
As of today, major roadside FX dealers are offering the dollar within the ₦1,455–₦1,465 band. Retail and wholesale forex demands from traders and SMEs are gradually rising, but conditions remain far calmer than earlier volatility phases.
Dealers say the soft depreciation today is mostly market-driven, based on seasonal activity rather than panic buying or speculation.
To access the official bank FX benchmark and government-regulated rates, refer to the Central Bank of Nigeria’s portal:
CBN – Central Bank of Nigeria
Why the Naira Is Showing Slight Pressure
Analysts point to a mix of market and seasonal factors:
🔹 Import Season Demand Building
Retailers are heavily stocking for December shopping — increasing foreign payments.
🔹 Travel-Related Currency Requests
Families preparing for the holiday period are sourcing dollars earlier than usual.
🔹 Moderation in Dollar Supply
Although still available, some dealers report slower replenishment of physical dollars.
🔹 Managed Speculative Activity
Market participants are still cautious, but a few are hedging against possible rate jumps.
Despite these pressures, pricing remains relatively controlled — signaling that supply/demand dynamics remain stable overall.
Economic Implications
Today’s Dollar to Naira Black Market movement has both positive and cautionary effects on the domestic economy:
Positive
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Businesses can still plan pricing with less volatility impact
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Import-linked inflationary risk remains somewhat contained
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Students and medical travelers experience more predictable cost planning
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Retailers gain stability when restocking shelves for festive sales
Challenges Persist
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Black-market reliance highlights persistent inefficiencies in official FX access
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Event-driven spikes could occur quickly if demand intensifies
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Long-term currency stability requires deeper policy reforms
This reinforces how closely Nigeria’s inflation trend is tied to foreign exchange behavior.
Market Outlook
FX analysts project the Naira will remain within the ₦1,450 – ₦1,470 trading corridor through the final days of November, provided:
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Crude oil prices remain above $85 per barrel
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Remittance flows remain strong
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Import volume is paced rather than rushed
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No disruptive policy changes emerge in the interim
Market attention now shifts to December — historically the highest-demand forex period of the year.
Conclusion
The Dollar to Naira Black Market exchange rate today, Thursday, November 27th 2025, stands at:
-
₦1,455 for buying
-
₦1,465 for selling
For accurate daily forex updates and market intelligence, always follow:
As Nigeria edges closer to peak festive spending, stakeholders continue to monitor liquidity flows and consumer behavior — key indicators of where the Naira may head next in the Black Market.