The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) displayed marginal stability in early trading today, Friday, November 28, 2025, as the foreign exchange market responded to fresh liquidity movements.
The latest data from the Nigerian Foreign Exchange Market (NAFEM), the country’s official trading window, shows the Naira trading at ₦1,444.38 per dollar, reflecting a mild adjustment from earlier in the week when rates hovered around the ₦1,450 band.
Market indicators further reveal that the local currency has strengthened slightly from the weekly high of ₦1,472.26 recorded on Monday, November 24, signalling a brief consolidation phase as the week closes.
In the parallel market, the Naira continues to trade within close range of the official window, maintaining the ongoing trend of rate convergence. Street traders report an average exchange rate of ₦1,457.11 per dollar today.
Although the parallel market rate remains marginally higher than the official NAFEM rate, analysts note that the narrow spread reflects the impact of improved liquidity management in the official market, which continues to influence pricing across informal channels.
Throughout the week of November 24 to November 28, the FX market recorded mixed volatility:
- Weekly High: ₦1,472.26 (Monday)
- Weekly Low: ₦1,441.00 (Tuesday close)
- Current Trend: The Naira has appreciated by about 0.5% in the past 24 hours, strengthening from the upper ₦1,450 range to the mid-₦1,440s.
Market watchers say that despite earlier pressures this month, the Naira is ending November in a relatively defensive position above the ₦1,440 support level. Traders, however, remain cautious as the market anticipates further policy signals and possible liquidity injections from the Central Bank of Nigeria (CBN) ahead of December.
