The Nigerian Naira showed mild signs of stabilization in early trade on Friday, November 28, 2025, as the foreign exchange market reacted to recent liquidity movements and cautious investor sentiment.
Official Market (NAFEM)
Data from the Nigerian Foreign Exchange Market (NAFEM) indicates that the Naira is exchanging at about ₦1,444.38 per dollar today.
This reflects a slight improvement from earlier in the week when the rate hovered around ₦1,450.
The currency also moved away from a weekly high of ₦1,472.26, recorded on Monday, November 24. The moderate recovery suggests a brief period of consolidation as the month draws to a close.
Parallel Market
In the parallel market, the Naira continues to trade close to the official window. Street traders report an average rate of ₦1,457.11 per dollar.
Although the rate remains marginally higher than the official figure, the gap between both markets is noticeably narrow compared to past trends. This convergence points to ongoing liquidity management efforts within the formal market.
Market Outlook
Analysts say that despite pressure earlier in November, the Naira has maintained a relatively firm position above the ₦1,440 support level. Traders remain cautious, with many watching for potential policy cues and additional liquidity injections from the Central Bank of Nigeria (CBN) as December approaches.
