The Nigerian naira continued to experience mild fluctuations in the informal foreign exchange market on Friday, 14th November 2025, as traders in the Lagos Parallel Market quoted the U.S. dollar at ₦1,460 for selling and ₦1,450 for buying. These figures were obtained from dealers within the Bureau De Change (BDC) network who monitor daily FX movements across major trading hubs.
Despite the heavy reliance of many Nigerians on the black-market window for quick access to foreign currency, the Central Bank of Nigeria (CBN) maintains its stance that the parallel market is not an officially recognized channel for foreign exchange transactions. The apex bank continues to advise individuals and businesses to process all forex needs strictly through licensed financial institutions and authorized dealers.
Black Market Dollar to Naira Exchange Rate Today
| Dollar to Naira (USD/NGN) | Black Market Rate – 14 Nov 2025 |
|---|---|
| Selling Price | ₦1,460 |
| Buying Price | ₦1,450 |
Official CBN Dollar to Naira Rate Today
While the parallel market rate reflects street-level demand, the CBN publishes its own official exchange figures, which often differ significantly from the black-market rates due to regulatory controls and institutional forex policies.
According to the CBN rate sheet for today:
| Dollar to Naira (USD/NGN) | CBN Rate – 14 Nov 2025 |
|---|---|
| Highest Rate | ₦1,444 |
| Lowest Rate | ₦1,435 |
Important Notice
Foreign exchange prices can vary from one location to another due to differences in demand, availability of cash, time of day, and negotiations between buyers and sellers. Therefore, the rate you encounter when buying or selling dollars may differ slightly from the figures reported here.
