GistReel
The Nigerian currency maintained stability against the US Dollar on Thursday, November 13, 2025, in both the official and parallel markets.
The trend reflects ongoing efforts by monetary authorities to keep the exchange rate steady.
Stable Performance in NFEM
Data from the Nigerian Foreign Exchange Market (NFEM) showed that the Naira traded around ₦1,440.08 per US Dollar in early Thursday transactions. The rate remained close to levels recorded in the previous session.
During the day, the highest exchange rate reached about ₦1,442.17 per Dollar, while the lowest stood near ₦1,440.08. The closing rate from Wednesday was ₦1,440.89 per Dollar.
These figures indicate minimal movement, suggesting controlled fluctuations within the official market.
Black Market Reflects Similar Calm
At the parallel market, traders and Bureau De Change (BDC) operators reported tight price margins between buying and selling.
The Dollar exchanged for around ₦1,450 on the buying side and ₦1,460 on the selling side. This pattern continues to reflect strong demand for foreign currency outside the official market.
Analysts Predict Continued Balance
Experts say the Naira’s current steadiness may signal the impact of the Central Bank of Nigeria’s policy interventions and improved foreign exchange supply.
The reduced gap between official and parallel rates is being viewed as a positive indicator of market efficiency and declining speculative activity.
Market analysts are closely watching how future policy adjustments, including changes to the Monetary Policy Rate (MPR) and foreign investment inflows, could influence the Naira’s performance in the coming weeks.