As of November 19, 2025, the Nigerian Naira’s exchange rates against major currencies showed consistent weakening across both official and informal 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 0.75% to close at N1,458/$1 on November 18, from N1,447/$1 on November 17, according to data from the Central Bank of Nigeria (CBN).
In the parallel/Official Market, data from NgnRates.com reveal the naira was quoted at N1,450 (BUY) and N1,465 (SELL).
In the International Money Transfer Operators (IMTO) segment, data sourced from platforms like LEMFI and REMITLY revealed the naira weakened against the dollar by 0.68% to N1,471/$1 on November 19, from N1,461/$1 on November 18.
The naira depreciated against the Great British Pound by 0.36% to N1,934/£1 from N1,927/£1, while it also weakened against the Euro by 0.70% to N1,705/€1 from N1,693/€1.
The naira lost ground against the Canadian Dollar by 0.48%, reaching N1,049/C$1 from N1,044/C$1.
Nigeria’s foreign reserves have climbed above $46 billion, marking the country’s highest level since 2018 and signaling renewed confidence in the foreign exchange market.
The Central Bank of Nigeria (CBN) Governor Yemi Cardoso announced the milestone at the Monetary Policy Department’s 20th anniversary colloquium in Abuja, saying the reserves can now cover over 10 months of imports, reflecting improved external liquidity.
Cardoso described the development as a turning point for Nigeria’s macroeconomic stability, noting that the new reserve level strengthens the naira’s defence and supports ongoing FX market reforms. He said, “The nation’s foreign reserve has risen to over $46 billion… it is the first time the country reached such a level since 2018 and it could cover over 10 months of imports.”