Black Market Dollar (USD) to Naira (NGN) Exchange Rate Today, Thursday, November 13, 2025
The exchange rate between the United States dollar (USD) and the Nigerian naira (NGN) remained relatively stable in the black market today, Thursday, November 13, 2025, as traders and currency users continued to watch market trends with cautious optimism.
Checks across major black market hubs in Lagos, Abuja, and Kano showed that the dollar traded at an average of ₦1,445 per $1 for buying and ₦1,455 to ₦1,460 per $1 for selling, maintaining a narrow spread that signals slight stability in demand and supply dynamics.
This represents a continuation of the naira’s steady performance in recent days, as the difference between the official and parallel market rates continues to narrow. At the official market window, the naira was quoted at around ₦1,440 per $1, according to data obtained from the FMDQ Exchange and reports by business news platforms.
Currency dealers attributed the relative calm in the parallel market to improved liquidity and reduced speculative trading. Some traders who spoke with reporters said fewer people were rushing to buy dollars compared to the previous weeks when market uncertainty drove panic demand.
“The market has been a bit calm this week. Dollar supply is not as tight as before, and the rate has been hovering around the same level since Monday,” said a dealer at the Allen Avenue foreign exchange corridor in Lagos.
Experts believe the gradual alignment between the official and black market rates could be a sign that ongoing policy efforts by the Central Bank of Nigeria (CBN) to stabilize the forex market are yielding results. They, however, cautioned that the market remains sensitive to changes in oil prices, foreign reserves, and remittance inflows.
For travelers, importers, and small business owners relying on the informal forex market, today’s rate provides a slight relief from the sharp fluctuations seen in recent months. Still, the naira’s long-term performance will depend on how well the CBN sustains its liquidity measures and curbs illegal forex activities.
As of today, Thursday, November 13, 2025, the black market dollar-to-naira rate stands at ₦1,445 (buying) and ₦1,455–₦1,460 (selling) — reflecting a cautiously stable market that traders hope will hold steady in the days ahead.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
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