The Nigerian Naira held agency towards the US Greenback within the parallel overseas trade market on Friday, closing the week on a be aware of relative stability regardless of sustained import demand and ongoing liquidity pressures.
As of Friday, November twenty first 2025, the Greenback to Naira Black Market trade price stands at ₦1,452 per greenback for purchasing and ₦1,462 per greenback for promoting, in keeping with monitoring stories from lively Bureau De Change (BDC) operators in Lagos, Abuja, and Kano.
Market analysts say the pricing pattern displays a balanced market atmosphere with neither extra greenback shortage nor speculative panic affecting pricing. The slight adjustment from the earlier session additionally factors to managed demand exercise from companies and end-users making ready for the festive buying season.
Greenback to Naira Change Fee — Market Desk
| Date | Market | Shopping for (₦) | Promoting (₦) | Motion |
|---|---|---|---|---|
| Fri, Nov 21, 2025 | Black Market | 1,452 | 1,462 | +₦2 ▲ |
| Thu, Nov 20, 2025 | Black Market | 1,450 | 1,460 | — |
| Official Fee | — | — | — | View through CBN |
Figures confirmed from FX monitoring sources together with Buyers King.
How A lot Is Greenback to Naira At this time in Black Market?
As of this morning, the Greenback to Naira Black Market trade price is ₦1,452 for purchasing and ₦1,462 for promoting.
FX sellers report that the market has settled right into a slender buying and selling vary this week, offering extra predictability for companies sourcing {dollars} for inventory replenishment. Vacationers and households paying overseas tuition are additionally benefiting from the decreased volatility in pricing.
To trace the official trade price, customers ought to depend on the Central Bank of Nigeria by:
CBN Official Web site
Why the Naira Is Sustaining Stability
A number of market drivers proceed to form pricing stability within the Black Market phase:
-
Wholesome Remittance Inflows
Diaspora transfers forward of year-end proceed to help availability of bodily {dollars}. -
Oil Worth Assist
Crude stays above $85 per barrel, boosting Nigeria’s overseas trade earnings outlook. -
Enterprise Confidence Holding Regular
Importers say greenback entry has improved barely over current weeks. -
Decreased Speculative Hoarding
FX merchants are much less aggressive in betting towards the Naira’s path. -
Market Steadiness Between Provide and Demand
No main disruptions in sourcing {dollars} have been reported by BDC operators this week.
These fundamentals collectively assist cut back volatility within the casual FX atmosphere.
Financial Implications
The slight strengthening of the Greenback to Naira Black Market price carries measurable affect on a number of financial fronts:
✔ For Importers
Higher price outcomes for inventory imports, notably electronics and client items.
✔ For Shoppers
Chance of slower inflationary switch on imported meals and completed merchandise.
✔ For Small & Medium Companies
Improved capacity to plan purchases and keep revenue margins.
✔ For Nigerian Households Overseas
Extra predictable trade prices for varsity charges and dwelling bills.
Economists, nevertheless, emphasize that long-term stability requires narrowing the hole between official and parallel market charges to draw deeper overseas funding.
Market Outlook
Analysts forecast the Naira to commerce inside the ₦1,450 – ₦1,470 per greenback band into subsequent week if present liquidity circumstances persist. Key variables to observe embrace:
-
Seasonal retail import spikes
-
International oil market sentiment
-
CBN coverage path on FX interventions
-
Persistent inflation pressures
Whereas the outlook seems steady, sudden market shocks might nonetheless create volatility — notably as Nigeria enters its busiest business buying and selling window of the yr.
Conclusion
The Greenback to Naira Black Market trade price at this time, Friday, November twenty first 2025, is:
-
₦1,452 for purchasing
-
₦1,462 for promoting
For verified and up to date each day exchange-rate insights, depend on these trusted monetary sources:
Because the Naira closes the week on a gentle platform, stakeholders shall be intently watching next-week buying and selling to see whether or not this stability will be sustained amid rising seasonal greenback demand.