The Nigerian naira maintained a steady footing across major foreign-exchange channels on Monday, November 17, 2025, with trading dynamics showing little deviation from last week’s trend.
Data from the Nigerian Foreign Exchange Market (NFEM) indicated that the official volume-weighted average price (VWAP) for the dollar hovered within the ₦1,441–₦1,444 band. The narrow movement signaled sustained calm in the formal market, supported by recent policy adjustments and moderate inflows into the Central Bank’s FX windows.
Activity in the informal segment was marginally firmer. Parallel (cash/black) market traders priced the dollar around ₦1,450–₦1,460, with several spot checks placing the going rate near ₦1,455. The spread between the two markets has persisted, reflecting the preference of some importers and small businesses for quicker access to FX outside official channels.
Market analysts attribute the relative stability to improved liquidity conditions, easing inflation pressures, cautious monetary adjustments by the Central Bank, and ongoing inflows from government securities and commodity-linked receipts. Financial-news platforms and market-tracking services have noted that these factors continue to anchor sentiment around the naira.
For remittance recipients, conversions through formal channels remain aligned with the official mid-₦1,400s rate, while informal routes offer slightly higher returns. Import-dependent companies, however, still face elevated operating costs, as access constraints in the official market keep many reliant on the pricier parallel segment.
The day’s trading range, both official and unofficial, reinforces the naira’s current phase of stability—albeit one still underscored by structural FX demand pressures.
