As of 1st December 2025, the Nigerian Naira exhibited mixed movements across official and parallel market segments.
In the parallel/black market, data from NgnRates.com and Abokiforex.app show that the naira was quoted for trading during the day at N1460 (Buy) and N1470-N1475 (Sell).
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira weakened slightly by 0.07% against the US dollar, closing at ₦1,446.90/$1 on 28th November 2025, compared to ₦1,445.90/$1 the previous day, representing a marginal depreciation of ₦1.00, according to data from the Central Bank of Nigeria (CBN).
In contrast, the International Money Transfer Operators (IMTO) segment, tracked via remittance platforms such as LEMFI and REMITLY, showed greater stability on the US dollar rate. The IMTO rate remained unchanged at ₦1,470/$1 on 1st December 2025, recording no movement from the previous day.
Against other major currencies in the IMTO segment:
- The naira held steady against the British Pound at ₦1,947/£1, showing no change
- The naira depreciated against the Euro by 0.53%, from ₦1,696/€1 to ₦1,705/€1.
- The naira also declined marginally against the Canadian Dollar by 0.19%, moving from ₦1,050/$1 to ₦1,052/$1 (+₦2.00).
The CBN Governor, Olayemi Cardoso, at the 60th Annual Bankers’ Dinner held in Lagos on Friday, noted that foreign capital inflows reached $20.98bn in the first ten months of 2025, a 70 per cent increase over total inflows for 2024 and a 428 per cent surge compared with the $3.9bn recorded in 2023.
He also mentioned that, gross external reserves rose by 9.19% to $46.70 billion as of November 14, enough to cover 10.3 months of imports, supported by stable external conditions.
