The Nigerian Naira continued to show resilience against the United States dollar in the parallel market on Tuesday, holding firm despite rising demand pressure from traders and importers ahead of the busy end-of-year shopping season.
As of Tuesday, November 18th 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 figures gathered from Bureau De Change (BDC) operators across Lagos, Abuja, Kano, and Port Harcourt.
The rate reflects a slightly stronger Naira compared to recent weeks when selling quotes hovered around the mid-₦1,460 to ₦1,470 range. Dealers attribute this stability to better liquidity conditions and a gradual reduction in speculative activities in the Black Market.
Dollar to Naira Exchange Rate — Market Table
| Date | Market | Buying (₦) | Selling (₦) | Movement |
|---|---|---|---|---|
| Tue, Nov 18, 2025 | Black Market | 1,450 | 1,460 | — |
| Mon, Nov 17, 2025 | Black Market | 1,455 | 1,465 | +₦5 ▲ |
| Official (CBN) | — | — | — | See CBN |
Figures verified through monitoring reports from Naijaonpoint.
How Much Is Dollar to Naira Today in Black Market?
As of today, ₦1,450 is the average buying price while ₦1,460 remains the selling rate in the parallel market.
Traders say consumer spending ahead of Christmas and the New Year could increase dollar demand slightly as businesses import goods in bulk. However, market supply remains healthy enough to keep exchange rates stable.
For users relying on international card payments, travel expenses, and tuition processing, official exchange rates differ — and the Central Bank’s daily quoted rate can be monitored via CBN Official Portal.
Why the Black Market Rate Remains Stable
Despite occasional fluctuations, several major factors are currently helping the Naira maintain stability in the Black Market:
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Favorable Oil Prices: Oil trades above $85 per barrel, boosting Nigeria’s foreign exchange reserve strength.
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Increased Diaspora Remittances: End-of-year inflows continue to supplement BDC liquidity.
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Business Sentiment Steadying: Importers report better forex availability, reducing pressure on the Naira.
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Government Monitoring: Reduced speculative hoarding observed among currency traders.
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Moderate FX Demand: Although rising gradually, demand has not exceeded supply.
This balance has helped the market avoid sharp swings and panic buying.
Impact on the Nigerian Economy
The performance of the Dollar to Naira Black Market has both positive and challenging implications:
Benefits
✔ Import costs may ease slightly, especially for electronics and consumer goods
✔ Stability supports better pricing, reducing inflation risk in the near term
✔ Corporate planning improves with predictable FX rates
✔ Students and travelers benefit from a steady conversion climate
Challenges
⚠ The gap between black market and official rates still encourages informal transactions
⚠ Businesses relying heavily on imports remain exposed to global FX uncertainty
⚠ Inflation may reignite if seasonal demand spikes too fast
As such, economists continue to emphasize the need for sustained reforms to improve the official FX supply chain.
Market Outlook
Analysts believe the Naira is likely to remain within the ₦1,445 – ₦1,465 per dollar range this week, provided that:
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Remittance inflows remain strong
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Business FX demands do not jump uncontrollably
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Global oil market sentiment stays supportive
Market experts also warn that any sharp movement in inflation or fuel import costs could disrupt the current stability.
Conclusion
The Dollar to Naira Black Market exchange rate today, Tuesday, November 18th 2025, remains steady at ₦1,450 for buying and ₦1,460 for selling.
For verified daily updates on Dollar to Naira, always check:
With traders entering the final stretch of the year, all eyes remain on liquidity conditions, CBN interventions, and seasonal demand trends that will determine how the Naira performs toward the end of November.