As of November 4, 2025, the Nigerian Naira’s exchange rates against major currencies displayed varied trends across key market segments, according to data from the Central Bank of Nigeria (CBN), LEMFI, and REMITLY.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM)/Official market, the naira depreciated by 0.73% to close at ₦1,438/$1 on November 3, down from ₦1,427.50/$1 on October 31, a decline of ₦10.50 per dollar, per CBN data.
In the Black/Parallel market the naira appreciated against the dollar. Data sourced from NgnRates.com and Abokiforex.com revealed that the naira traded at N1,450/$1 and N1,455/$1 (Sell) on Tuesday, from N1460/$1 and N1475/$1.
In the International Money Transfer Operators (IMTO) segment, sourced from LEMFI and REMITLY, the naira strengthened against the US dollar by 0.41% to ₦1,453/$1 on November 4, up from ₦1,459/$1 on November 3, reflecting a gain of ₦6.00.
The naira appreciated against the Great British Pound by 0.84% to ₦1,916/£1 from ₦1,932/£1, marking an improvement of ₦16.00 per pound. Against the Euro, the naira gained 0.66% to ₦1,677/€1 from ₦1,688/€1, strengthening by ₦11.00.
The naira also firmed against the Canadian Dollar by 0.48%, rising to ₦1,038/CAD from ₦1,043/CAD, a recovery of ₦5.00.
Meanwhile, Nigeria’s external reserves increased by 0.06% to $43.198 billion as of October 31, up from $43.173 billion on October 30, signalling sustained gradual growth and bolstered external financial resilience.
