Dollar to Naira Black Market Rate Today, Monday, Nov 24, 2025: A Tough Morning for the Naira

By: Akinde S. Oluwaseun

The week didn’t exactly start with a smile for the Naira. Not today. The currency walked into Monday already under pressure, especially in that ever-busy corner Nigerians call the black market. Or parallel market. Depends who you ask.

By mid-morning, the Dollar was already trading at rates that felt… well, a bit painful. Dealers were buying at about ₦1,450 to ₦1,460, then turning around to sell for ₦1,470 to ₦1,480. It shifts a little depending on where you stand — Lagos streets talk one thing, Abuja whispers another, Kano adds its own twist. And if you’re exchanging big amounts, the numbers suddenly get their own mind.

But here’s the gist: the Naira still struggling. Hard.

Even with all the reforms and promises to unify Nigeria’s messy forex windows, the demand for dollars hasn’t slowed down. Feels like everyone wants one. Or needs one.

Just yesterday, the NFEM closed around ₦1,452.68 per $1. That’s the official rate. Looks close, but somehow it’s not. That gap — small but stubborn — keeps reminding everyone that the real battle is happening off the books, where people actually buy their travel money, business funds, and… well, survival cash.

What happens next? Traders are watching the CBN like someone waiting for a text that never comes on time. Policy moves, interest rates, fresh dollar injections — anything. Analysts keep saying the same thing: until oil dollars start flowing properly or foreign investors stop sitting on the fence, the black market will stay the real judge of the Naira’s mood.