Naira/Dollar rate today, Wednesday, November 12, as naira weakens against dollar
The Nigerian naira experienced a mild decline against the US dollar on Wednesday, November 12, 2025, in both official and parallel foreign exchange markets.
According to data from the Nigerian Foreign Exchange Market (NFEM/NAFEM), the local currency settled around ₦1,437 per dollar at the official window.
Meanwhile, traders in Lagos and other major cities offered the greenback between ₦1,455 and ₦1,465 on the parallel market.
Persistent gap between official and street rates
The difference between the official and parallel rates remained noticeable this week, with a margin ranging from ₦18 to ₦28 per dollar.
This continued spread reflects sustained demand pressure in informal currency markets, especially among retail buyers and importers who depend on cash transactions.
Currency dealers attributed the situation to limited dollar availability for small-scale needs and a steady flow of demand from travellers and business operators.
They said that while institutional trades at official windows remained fairly stable, the cash segment continued to witness tight liquidity and fluctuating prices.
Financial analysts also pointed out that liquidity levels varied across trading platforms.
The NAFEM and Investors’ & Exporters’ (I&E) windows continued to cater mainly to larger corporate transactions, while the street market remained the preferred option for quick access to dollars.
Impact on individuals and businesses
For Nigerians seeking foreign currency for travel or tuition payments, the parallel-market rate of ₦1,455–₦1,465 will likely apply, particularly when banks cannot meet cash requests.
However, companies and importers operating through official channels are expected to trade closer to ₦1,437 per dollar, depending on bank availability and documentation compliance.
