The Nigerian Naira traded steadily against the United States dollar in the parallel market on Wednesday, maintaining a relatively calm outlook amid moderate forex activity.
As of November 12th 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, according to market data gathered from Bureau De Change (BDC) operators in Lagos and Abuja.
The Naira’s performance shows that the currency continues to stabilize after several days of slight fluctuations, supported by steady remittance inflows, stable oil prices, and reduced speculative pressure in the informal foreign exchange market.
Dollar to Naira Exchange Rate Overview
| Date | Market Type | Buying (₦) | Selling (₦) | Change |
|---|---|---|---|---|
| Wednesday, Nov 12, 2025 | Black Market | 1,450 | 1,460 | — |
| Tuesday, Nov 11, 2025 | Black Market | 1,455 | 1,465 | +₦5 ▲ |
| Official (CBN) | — | — | — | See CBN |
Exchange rate figures confirmed 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 ₦1,450 for buying and ₦1,460 for selling, indicating that the Naira remains stable despite slight shifts in forex demand. Traders across major commercial cities reported a balanced flow of foreign currency transactions, with no significant disruptions in supply.
The relative calm in the parallel market follows a consistent pattern observed in recent weeks as remittance inflows and oil-related earnings continue to support liquidity. For official rates and verified monetary updates, visit the Central Bank of Nigeria (CBN).
Key Factors Driving the Black Market Exchange Rate
Several economic and market factors are currently influencing the Dollar to Naira Black Market rate:
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Improved Dollar Liquidity: Ongoing inflows from oil exports and diaspora remittances are helping stabilize supply.
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Moderate Forex Demand: Dollar demand for imports and foreign transactions remains steady, preventing major rate swings.
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Stable Oil Prices: Brent crude continues to trade near $85 per barrel, boosting Nigeria’s foreign exchange reserves.
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Reduced Speculation: Market participants report lower speculative activity as confidence improves in short-term forex stability.
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Policy Consistency: Better coordination between the Central Bank and financial institutions is contributing to predictability in the market.
Market analysts note that the current equilibrium suggests a balance between dollar inflows and outflows, though external shocks such as oil price fluctuations or policy changes could affect this trend.
Economic Implications
The relative stability of the Dollar to Naira Black Market rate has significant short-term implications for the economy:
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Importers: A stable exchange rate reduces import costs and helps keep consumer prices under control.
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Consumers: The moderation of parallel market rates provides some relief from inflationary pressures.
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Businesses: Stable forex conditions enable companies to plan and price their goods more effectively.
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Investors: Reduced volatility increases investor confidence in Nigeria’s financial markets.
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Students and Travelers: Those sourcing foreign currency for tuition or travel continue to benefit from improved rate predictability.
However, experts caution that the gap between official and parallel market rates still limits policy effectiveness and distorts trade pricing.
Market Outlook
Analysts expect the Naira to remain within the ₦1,445 to ₦1,465 per dollar range through the remainder of the week if current market conditions persist. Sustained inflows from remittances, stable oil revenues, and moderate dollar demand are likely to keep the market steady.
Nonetheless, structural issues — such as limited non-oil export earnings, inflationary pressure, and reliance on the black market for liquidity — continue to challenge Nigeria’s forex management. Long-term improvement will depend on export diversification and consistent fiscal and monetary policy alignment.
Conclusion
The Dollar to Naira Black Market exchange rate today, Wednesday, November 12th 2025, stands at ₦1,450 for buying and ₦1,460 for selling, indicating a continuation of stability in the parallel market.
For verified daily updates on Dollar to Naira, visit Naijaonpoint, Aboki Forex, and the CBN.
As the Naira continues to hold steady, analysts say maintaining long-term stability will require sustained inflows, a broader export base, and stronger alignment between Nigeria’s monetary policies and fiscal objectives.