Naira/Dollar rates today, Thursday, November 27 as exchange rate gap widens
The Nigerian naira exchange rate gap against dollar widened again on Thursday, 27 November 2025, as trading continued to split across the official and parallel markets.
Figures from the Daily Nigerian Foreign Exchange Market showed the official rate stayed in the mid-₦1,400s despite slight movements earlier in the week.
Official Rate Holds Steady
According to updated data, the Central Bank of Nigeria’s volume-weighted NFEM fixing closed at roughly ₦1,446 to one US dollar.
This reflected minor intraday shifts, but no major change in the general trend seen recently.
The official window continued to supply limited volumes, prompting many traders to watch the parallel market closely.
Parallel Traders Quote Higher Prices
In Lagos and other major cities, black-market dealers sold the dollar between ₦1,460 and ₦1,465.
These prices showed stronger street demand and tighter supply outside authorised platforms.
Trackers monitoring informal trades noted that many Nigerians still paid significantly more for dollars than the official fixing.
Why the Spread Continues
The gap between both markets remained driven by limited liquidity and the difficulty some users face when trying to access official channels.
Businesses that rely on imported goods said the spread increased expenses and raised prices for customers.
Travel-related services and dollar-priced fees also rose as users turned to street traders for faster access.
Market Trend Through the Week
Historical dashboards showed the official rate trading across the mid-to-high ₦1,400s for several days.
The parallel market stayed above ₦1,460 in many locations.
Despite the pressure, there was no sudden drop in the official rate by Thursday.
