The Nigerian naira traded largely steady on Monday, November 17, 2025, with the official rate on the Daily Nigerian Foreign Exchange Market (NFEM) hovering around ₦1,441–₦1,444 per US dollar.
In the parallel (black) market, the greenback was quoted slightly higher, at roughly ₦1,450–₦1,460, reflecting continued demand from importers and SMEs who rely on informal channels.
Analysts attribute the naira’s stability to continued FX liquidity in official windows, slowing inflation, and inflows from government securities and commodity receipts, which have bolstered reserves.
For Nigerians, this means remittances at near-official rates, while importers may face higher costs due to the persistent gap between official and parallel rates.
Currency stability also reduces short-term FX volatility risk, although medium-term trends will depend on macroeconomic developments and interest-rate policies.
