The Nigerian Naira held firm against the US Dollar in the parallel foreign exchange market on Friday, closing the week on a note of relative stability despite sustained import demand and ongoing liquidity pressures.
As of Friday, November 21st 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,452 per dollar for buying and ₦1,462 per dollar for selling, according to monitoring reports from active Bureau De Change (BDC) operators in Lagos, Abuja, and Kano.
Market analysts say the pricing trend reflects a balanced market environment with neither excess dollar scarcity nor speculative panic affecting pricing. The slight adjustment from the previous session also points to controlled demand activity from businesses and end-users preparing for the festive shopping season.
Dollar to Naira Exchange Rate — Market Table
Date Market Buying (₦) Selling (₦) Movement
Fri, Nov 21, 2025 Black Market 1,452 1,462 +₦2 ▲
Thu, Nov 20, 2025 Black Market 1,450 1,460 —
Official Rate — — — View via CBN
Figures confirmed from FX monitoring sources including Investors King.
How Much Is Dollar to Naira Today in Black Market?
As of this morning, the Dollar to Naira Black Market exchange rate is ₦1,452 for buying and ₦1,462 for selling.
FX dealers report that the market has settled into a narrow trading range this week, providing more predictability for businesses sourcing dollars for stock replenishment. Travelers and families paying foreign tuition are also benefiting from the reduced volatility in pricing.
To track the official exchange rate, users should rely on the Central Bank of Nigeria through:
CBN Official Website
Why the Naira Is Maintaining Stability
Several market drivers continue to shape pricing stability in the Black Market segment:
Healthy Remittance Inflows
Diaspora transfers ahead of year-end continue to support availability of physical dollars.
Oil Price Support
Crude remains above $85 per barrel, boosting Nigeria’s foreign exchange earnings outlook.
Business Confidence Holding Steady
Importers say dollar access has improved slightly over recent weeks.
Reduced Speculative Hoarding
FX traders are less aggressive in betting against the Naira’s direction.
Market Balance Between Supply and Demand
No major disruptions in sourcing dollars have been reported by BDC operators this week.
These fundamentals collectively help reduce volatility in the informal FX environment.
Economic Implications
The slight strengthening of the Dollar to Naira Black Market rate carries measurable impact on multiple economic fronts:
✔ For Importers
Better cost outcomes for stock imports, particularly electronics and consumer goods.
✔ For Consumers
Possibility of slower inflationary transfer on imported food and finished products.
✔ For Small & Medium Businesses
Improved ability to plan purchases and maintain profit margins.
✔ For Nigerian Families Abroad
More predictable exchange costs for school fees and living expenses.
Economists, however, emphasize that long-term stability requires narrowing the gap between official and parallel market rates to attract deeper foreign investment.
Market Outlook
Analysts forecast the Naira to trade within the ₦1,450 – ₦1,470 per dollar band into next week if current liquidity conditions persist. Key variables to watch include:
Seasonal retail import spikes
Global oil market sentiment
CBN policy direction on FX interventions
Persistent inflation pressures
While the outlook appears stable, sudden market shocks could still create volatility — particularly as Nigeria enters its busiest commercial trading window of the year.
Conclusion
The Dollar to Naira Black Market exchange rate today, Friday, November 21st 2025, is:
₦1,452 for buying
₦1,462 for selling
As the Naira closes the week on a steady platform, stakeholders will be closely watching next-week trading to see whether this stability can be sustained amid rising seasonal dollar demand.
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