Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 28 November 2025

Key points:

• Official CBN Rate: N1,445.9 / USD
• Black-Market Rate: N1,470 / USD
• Drivers: Strong CBN reserves, festive FX demand, remittances, oil revenue, portfolio inflows
• Top Tools: FMDQ, AbokiFX, GTBank Forex

The Naira showed mixed performance today: it slipped to N1,445.9/$ in the official NFEM market but gained slightly in the parallel market, reaching N1,470/$. Strong CBN foreign reserves of $46.7bn, rising remittances, and increased oil revenue have helped stabilize the currency. Businesses are stocking up for December festivities, adding temporary pressure on FX demand. For real-time updates, use FMDQ or GTBank Forex for interbank quotes, and AbokiFX for parallel market snapshots, each refreshed every minute.

FAQ

• What’s the gap between CBN & black-market rates? ~N24/$, showing slight parallel market strength.
• Will the naira strengthen soon? CBN’s high reserves and inflows provide support, but festive demand may cause short-term volatility.
• How do oil prices affect rates? Higher oil revenue boosts FX reserves, supporting the Naira’s stability.