Dollar to Naira Black Market Exchange Rate Today, Tuesday, November 25th 2025

The Nigerian Naira slipped slightly against the United States Dollar in the parallel market on Tuesday as festive-season demand for foreign currency increased.

As of Tuesday, November 25th 2025, the Dollar to Naira Black Market exchange rate is ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, according to information gathered from active Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, and Kano.

Despite the mild depreciation from yesterday, traders maintain that the market is still relatively stable. Dollar supply remains steady from remittances and private-sector inflows, but rising business demand ahead of peak holiday spending is beginning to exert pressure on rates.

Dollar to Naira Exchange Rate Overview

Rates confirmed through daily market checks from Naijaonpoint.

How Much Is Dollar to Naira Today in Black Market?

Today’s Dollar to Naira Black Market rate averages:

• ₦1,455 per $1 for buying

• ₦1,465 per $1 for selling

Dealers say forex requests from retailers and import-dependent businesses have increased sharply as stores prepare for December consumer spikes. However, supply inflows remain strong enough to prevent rapid depreciation, keeping the Naira within a thin and predictable trading band.

For regulated FX and official bank rates, always refer to the Central Bank of Nigeria via:
CBN Official Portal

Drivers Behind Today’s Forex Performance

Several macroeconomic and market-level developments are influencing today’s Naira performance:

• Stronger Business Demand
  Retailers and logistics companies are sourcing dollars to finance holiday shipments.

• Stable Remittance Volumes
  Family transfers from abroad continue to support parallel-market dollar liquidity.

• Oil Prices Above Budget Benchmarks
  With crude holding near $85+ per barrel, Nigeria’s foreign revenue stability remains intact.

• Improved Market Sentiment
  Traders show reduced panic buying, helping maintain price equilibrium.

• Speculative Activity Moderately Low
  FX operators are trading conservatively as year-end market direction becomes clearer.

Even with pressure building, experts view the current trend as a controlled adjustment rather than a destabilizing shift.

Economic Implications for Nigerians

The performance of the Black Market exchange rate has a direct connection to local economic realities:

Benefits

Slower inflation transmission on imported products
Better price management for manufacturers and retailers
Business owners can plan FX budgets more accurately
Students and medical travelers face fewer surprise cost jumps

Caution Flags

Businesses still prefer black-market access due to official market delays
Parallel-market dependency limits international investor confidence
Price pressure could intensify if dollar demand spikes faster than supply in December

Consumers and SMEs remain the most sensitive to changes in forex sourcing costs — making the Naira’s behavior a key inflation indicator.

Outlook for the Week

Analysts expect the Naira to trade within the ₦1,450 – ₦1,475 per dollar range through the final week of November, as demand pressures rise but global oil market fundamentals remain strong.

Key factors to watch:

• Christmas import volume

• Diaspora remittances momentum

• Any CBN interventions or policy revisions

• Transportation and flight-demand-driven forex transactions

So far, no major disruptions are expected, but markets remain alert for any sudden liquidity tightening.

Conclusion

The Dollar to Naira Black Market exchange rate today, Tuesday, November 25th 2025, stands at:

• ₦1,455 for buying

• ₦1,465 for selling

For reliable daily updates on exchange rates and Nigerian market trends, follow:

As the holiday season intensifies, the coming days will reveal whether the Naira can maintain stability or face renewed pressure in the parallel forex market.