By Peter.
The Nigerian Naira showed marginal stability in early trading on Friday, November 28, 2025, amid reactions to recent liquidity inflows. Official rates held steady, while parallel market quotes reflected a narrow premium driven by retail demand.
Key Rates
- NFEM (Official, Volume-Weighted Average): ~₦1,444.38 per US$1 (mid-₦1,400s range).
- Parallel/Black Market: Buying ~₦1,457.11; Selling ~₦1,465 (average across Lagos hubs).
Market Snapshot
NFEM rates adjusted slightly from the week’s ₦1,450 mark, with a 0.5% strengthening over 24 hours (from ₦1,450 to mid-₦1,440s). Weekly high hit ₦1,472.26 on Monday, low ₦1,441 on Tuesday close. Parallel spreads tightened vs. historical gaps, signaling CBN unification efforts’ impact, though informal volumes remain elevated.
Why the Naira is Behaving This Way
- Liquidity Flows: Recent CBN injections supported NFEM steadiness, countering dollar shortages.
- Retail Pressures: Parallel demand for imports/remittances keeps street rates firmer, but convergence narrows (down from 5–10% historically).
- Volatility Factors: September’s policy rate cut aids broader stability, but year-end seasonal flows loom.
Implications for Nigerians
- Importers/Businesses: NFEM access holds costs steady, but parallel reliance inflates expenses.
- Consumers/Remittances: Narrower gaps ease informal transfers, but premiums still add ~1–2% effective cost.
- Outlook: Analysts eye December CBN moves; sustained inflows could test ₦1,440 support.
Stay informed—monitor CBN dashboards for real-time shifts.
#NairaExchangeRate #USDNairaNovember2025 #NFEMUpdate #BlackMarketRates #CBNLiquidity
