Dollar to Naira Black Market Exchange Rate Today, Wednesday, November 19th 2025

The Nigerian Naira experienced mild pressure against the US Dollar in the parallel foreign exchange market on Wednesday as dollar demand continued to rise across commercial hubs.

As of Wednesday, November 19th 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 verified information from top Bureau De Change (BDC) operators in Lagos, Abuja, and Kano.

This slight depreciation follows two days of relative stability as seasonal import activities push forex demand higher. Traders say the market remains well-supplied, but the gradual increase in demand ahead of festive season purchases is now testing short-term liquidity.

Dollar to Naira Exchange Rate — Market Table

Rates compiled from reports by Naijaonpoint.

How Much Is Dollar to Naira Today in Black Market?

As of this morning, the Dollar to Naira Black Market rate remains within the ₦1,455 – ₦1,465 range across major trading locations.

Dealers report a bit more urgency among importers who are making international payments to replenish inventory ahead of December demand. Despite this movement, market pricing remains relatively predictable, signaling that liquidity remains sufficient to absorb short-term demand increases.

For official and regulated foreign exchange pricing, users should refer to the Central Bank of Nigeria at CBN.

Why Is the Naira Slightly Weaker Today?

Analysts attribute the current parallel-market adjustment to several key drivers:

• Seasonal Import Demand Increasing
  Year-end stockpiling for retail distribution is pushing up dollar transactions.

• Higher Travel-Related Withdrawals
  Many Nigerians preparing for holiday trips are sourcing dollars in advance.

• Stagnant Non-Oil FX Inflows
  While oil revenues are steady, export diversification remains limited.

• Improved Consumer Activity
  Rising retail and logistics activity is driving business owners to secure forex early.

• Cautious Speculative Trading
  Some traders are hedging against possible shortfalls, leading to micro-price movements.

Even with these pressures, experts say the market is still far calmer than earlier in the year when volatility spiked sharply.

Economic Implications

A slight shift in the Dollar to Naira Black Market rate reflects broader market behavior that can influence:

✔ Import-Dependent Businesses

Costs could edge higher but remain within manageable limits while demand climbs gradually.

✔ Consumers

Stable market conditions help slow inflation transmission from pressured import pricing.

✔ Student & Travel Budgets

Predictability in forex sourcing reduces shock expenses for education and medical payments abroad.

✔ Market Confidence

Stability helps businesses set product pricing and financial planning more consistently.

However, the existing gap between official and black-market channels continues to distort pricing and encourage informal sourcing of foreign currency.

Outlook for the Week

Analysts forecast the Naira to trade between ₦1,450 and ₦1,470 per $1 this week, assuming oil prices remain above $85 per barrel and remittance inflows remain steady.

Short-term risks include:

Still, sentiment remains cautiously optimistic as both supply and demand remain reasonably balanced.

Conclusion

The Dollar to Naira Black Market exchange rate today, Wednesday, November 19th 2025, is:

• ₦1,455 for buying

• ₦1,465 for selling

For daily, verified updates on Dollar to Naira, always rely on:

As we approach peak holiday demand, the Naira’s performance will depend on liquidity conditions and global market influences — with traders closely monitoring trends for any sudden volatility.