Dollar To Naira Exchange Rate Today, November 12, 2025

On Wednesday, November 12, 2025, the naira experienced a slight depreciation in both official and parallel foreign exchange markets.

The Daily Nigerian Foreign Exchange Market (NFEM/NAFEM) fixed the exchange rate at approximately ₦1,437 per US dollar.

In contrast, parallel market dealers in Lagos were quoting the dollar between ₦1,455 and ₦1,465.

The official NFEM rate, used by the Central Bank of Nigeria for large-ticket and corporate transactions, was reported at around ₦1,437. Meanwhile, in the parallel market, street sellers typically priced the dollar at about ₦1,455, with some reports indicating trades reaching as high as ₦1,465.

The persistent gap between the official NFEM rate and parallel market quotes has created a premium of roughly ₦18 to ₦28 per dollar, highlighting ongoing demand pressures in cash markets outside of formal exchange windows.

Market participants noted that limited foreign exchange supply for small cash needs, alongside steady demand from importers and retail buyers, continued to exert upward pressure on parallel market rates, despite relatively stable rates in institutional windows.

Analysts and data providers observed mixed liquidity conditions across trading venues, with larger corporate transactions being accommodated in formal NAFEM/I&E windows, while the parallel market remained the primary source for cash prices for everyday consumers.