The Nigerian Naira recorded slight stability against the United States Dollar on Friday, November 28, 2025, as both official and parallel market indicators reflected cautious optimism among traders.
In the Nigerian Foreign Exchange Market (NAFEM), official data placed the Naira at roughly N1,444.38 to the dollar, marking a modest improvement from earlier fluctuations that hovered around N1,450. The currency’s movement also signalled recovery from its weekly high of N1,472.26 recorded on Monday, suggesting a brief consolidation toward the week’s end.
On the streets, the parallel market mirrored this trend, with the dollar trading at an average of N1,457.11. Although slightly above the official window, the margin between the two rates remained narrow — a continuation of the recent convergence driven by liquidity measures in the formal market.
Throughout the week of November 24–28, the Naira experienced varied trading patterns, with a weekly low of N1,441.00 noted on Tuesday. By Friday, the currency had strengthened by about 0.5 percent over the previous 24 hours, settling into the mid-N1,440 range.
Market analysts say the Naira’s performance indicates a degree of resilience, despite pressures seen earlier in the month. They point out that the currency appears to be maintaining its footing above the N1,440 support level. Investors and traders are, however, proceeding with caution as they await further signals from the Central Bank of Nigeria, particularly regarding fresh liquidity interventions expected ahead of December.
