As of November 6, 2025, the Nigerian Naira’s exchange rates against major currencies showed mixed movements 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 0.12% to close at ₦1,440/$1 on November 5, up from ₦1,441.75/$1 on November 4, reflecting a modest recovery of ₦1.75 per dollar, according to CBN data.
In the Parallel/Black market, data from NgnRates.com and Abokiforex.com reveal the exchange rate of the naira against the US dollar is approximately N1,450–N1,460/$1 (Sell) and N1,445–N1,455/$1 (Buy).
In the International Money Transfer Operators (IMTO) segment, data sourced from platforms like LEMFI and REMITLY revealed the naira weakened slightly against the dollar by 0.21% to ₦1,460/$1 on November 6, from ₦1,457/$1 on November 5.
The naira depreciated against the Great British Pound by 0.57% to ₦1,915/£1 from ₦1,904/£1, while the naira weakened marginally against the Euro by 0.06% to ₦1,678/€1 from ₦1,677/€1.
The naira weakened against the CAD by 0.48%, reaching ₦1,038/CAD from ₦1,033/CAD.
The naira is projected to trade strong with Eurobonds raise totaling $2.35 billion providing additional support for the local currency outlook.
The Naira has made significant recovery from its downturn earlier this year and is currently on a upward trend.
Meanwhile, foreign reserves rose to $43.279 billion as of November 4, a 0.05% increase from $43.259 billion on November 3, supporting gradual improvement in external financial stability.