Dollar to Naira Exchange Rate Today, November 4, 2025

The dollar to naira exchange rate today, November 4, 2025, stands at ₦1,444/$1 in the official market and ₦1,435–₦1,450/$1 in the parallel market. Learn more about current trends.

Overview of Today’s Dollar to Naira Exchange Rate

The naira traded around ₦1,444 to the US dollar at Nigeria’s official Nigerian Foreign Exchange Market (NFEM) on Tuesday, November 4, 2025, according to data published by the Central Bank of Nigeria (CBN).

Meanwhile, in the parallel (black) market, the greenback was exchanged at ₦1,435 to ₦1,450, showing slight variation depending on location and dealer.
These rates reflect a period of relative stability following key policy measures introduced by the CBN in recent months.

For verified daily updates, visit the CBN official exchange rate page.

Key Exchange Rates — November 4, 2025

Official (NFEM) rate: ₦1,444 per US$1
Parallel market (black market): Buy at ₦1,435 | Sell at ₦1,450
Central Bank reference: Based on NFEM’s volume-weighted average price

Understanding the Dollar to Naira Exchange Rate

The NFEM rate, which represents the volume-weighted average price (VWAP) of transactions in the official market, serves as the benchmark for banks, corporate entities, and large-scale importers.

However, many individuals and small businesses rely on the parallel market, where rates typically trade at a slight premium due to higher demand and limited dollar supply in the official window.

You can also check live FX updates on platforms like FMDQ Exchange for verified interbank rates.

Why the Naira Is Stable

After months of sharp volatility in late 2024 and early 2025, the naira has stabilized against the US dollar. This renewed calm is largely due to:

CBN interventions through targeted dollar sales to banks and BDCs.
Improved foreign inflows from oil receipts and diaspora remittances.
Moderate monetary policy easing to balance inflation and liquidity.

Analysts note that sustained stability depends on global crude oil prices, inflation trends, and consistent forex supply.

Impact on Individuals and Businesses

Here’s what today’s exchange rate means for you:

For personal FX purchases:
Buying US$100 at the NFEM mid-market rate will cost approximately ₦144,400.
In the parallel market, the same amount would cost between ₦143,500 and ₦145,000, depending on the trader.
For businesses and importers:
It’s advisable to obtain FX through authorized channels like the CBN, NFEM, or FMDQ windows to avoid compliance risks and premium costs.
For remittances and bank transfers:
Always compare bank transfer rates (which typically include interbank markups and service fees) with parallel market quotes to determine the best overall cost.

Expert Insight: What to Expect Next

Economists predict that the naira’s short-term outlook remains cautiously positive, provided that the CBN continues to supply liquidity to the official market and maintains monetary discipline.

However, global market shocks—such as oil price fluctuations or rising US interest rates—could still affect Nigeria’s foreign exchange stability.

Final Thoughts

As of November 4, 2025, the dollar to naira exchange rate reflects a stable trend, with minimal divergence between the official and parallel markets.

To get the most accurate and up-to-date information, always verify rates from trusted platforms like the CBN official site or FMDQ Exchange.