As of November 17, 2025, the Nigerian Naira’s exchange rates against major currencies showed bearish movements, weakening 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 depreciated by 0.21% to close at ₦1,444/$1 on November 14, down from ₦1,441/$1 on November 13, a loss of ₦3.00 per dollar, according to CBN data.
In the parallel/Black market, data from NgnRates.com and Abokiforex.com quoted naira around N1,465/$1 (Sell).
In the International Money Transfer Operators (IMTO) segment, data sourced from platforms like LEMFI and REMITLY revealed the naira held steady against the dollar at ₦1,458/$1 on November 17, unchanged from November 14.
The naira weakened marginally against the Great British Pound by 0.05% to ₦1,924/£1 from ₦1,923/£1, while it depreciated against the Euro by 0.12% to ₦1,691/€1 from ₦1,689/€1.
The naira softened against the CAD by 0.10%, moving to ₦1,040/CAD from ₦1,039/CAD.
Meanwhile, foreign reserves climbed to $43.535 billion as of November 13, a notable 0.25% increase from $43.428 billion on November 12, marking one of the stronger daily gains in recent weeks and underscoring continued improvement in Nigeria’s external financial position.
