Naira to Dollar rate today, Wednesday, November 19

Brown AJNov 19, 2025

The naira held steady on Wednesday as the official Daily Nigerian Foreign Exchange Market continued to trade in the mid-₦1,400s.

Traders said the two-tier market conditions remained unchanged as both demand and supply pressures shaped price movements through the day.

Official and parallel market figures

Latest dashboards showed the NFEM volume-weighted rate closing between ₦1,447 and ₦1,449 for one US dollar.

Real-time trading platforms placed the onshore closing quote near ₦1,446.7 as liquidity stayed firm among authorised dealers.

Street dealers in major Nigerian cities sold dollars around ₦1,465 and bought at roughly ₦1,455, leaving a spread of about ₦10.

These numbers kept the parallel market above the official window and added pressure on importers using unregulated channels.

Analysts linked the persistent spread to strong dollar demand from importers and uneven access to official supply across licensed channels.

They added that the central bank’s cautious intervention strategy also shaped price stability in the official window.

Policy decisions taken earlier in 2025, including the benchmark rate cut in September, offered some relief but failed to remove the gap.

Market watchers said the reforms would need more time before both markets move closer.

The naira traded in the mid-₦1,400s through the past week with brief jumps towards the mid-₦1,470s.

Intraday swings followed changes in crude oil receipts and liquidity from banks and offshore investors.

Traders said reserve support and renewed interest in local debt markets could help narrow spreads in the coming weeks.

Importers and firms with dollar bills still face higher costs when using parallel channels.

Travellers and consumers may also pay more at street markets even though official bank quotes show little movement.

Businesses with access to the NFEM or licensed BDCs continue to benefit from lower rates in the official market.