As of November 11, 2025, the Nigerian Naira’s exchange rates against major currencies showed positive movements, gaining grounds across different market segments, according to data from the Central Bank of Nigeria (CBN), LEMFI, and REMITLY.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira gained 0.07% to close at ₦1,437.50/$1 on November 10, up from ₦1,438.50/$1 on November 7, reflecting a modest recovery of ₦1.00 per dollar, according to CBN data.
In the parallel/black market, data from Abokiforex.com and NgnRates.com reveal that the naira was quoted at N1,450-N1,455/$1 (Buy) and N1,465-N1,466/$1 (Sell).
In the International Money Transfer Operators (IMTO) segment, data sourced from platforms like LEMFI and REMITLY revealed the naira strengthened against the dollar by 0.27% to ₦1,460/$1 on November 11, from ₦1,464/$1 on November 10.
The naira appreciated against the Great British Pound by 0.26% to ₦1,924/£1 from ₦1,929/£1, while the naira firmed against the Euro by 0.24% to ₦1,684/€1 from ₦1,688/€1.
The naira gained against the CAD by 0.10%, reaching ₦1,041/CAD from ₦1,042/CAD.
Foreign reserves rose to $43.348 billion as of November 7, a 0.05% increase from $43.325 billion on November 6, reinforcing steady growth in Nigeria’s external financial position.
