Exchange Rate Update: Dollar To Naira On November 29, 2025

According to Ireporter Online, the naira continued to trade within a narrow band against the US dollar at the parallel market on Friday, November 28, 2025. Currency traders in the Lagos black market reportedly sold the dollar at ₦1467 and bought at ₦1460, reflecting sustained demand pressure ahead of the weekend. Bureau De Change operators noted that while these figures remain the most widely referenced by the public, the Central Bank of Nigeria maintains that the parallel market is unregulated and should not guide official foreign exchange transactions. The apex bank has repeatedly urged individuals seeking forex to route their requests through authorized financial institutions.

At the official window, the dollar traded within a slightly lower range, with recorded rates fluctuating between ₦1445 and ₦1449. Market observers highlighted that exchange prices may differ across locations and dealers, depending on prevailing liquidity and negotiation margins.