Naira Stabilizes in Parallel Market: Black Market USD/NGN Holds at ₦1,445 Buy / ₦1,450 Sell on November 5, 2025 – Aboki FX Update.
Latest Parallel Market Alert: As of November 5, 2025, the Nigerian Naira shows resilience
in the black market, with the US Dollar (USD) trading at a buying rate
of ₦1,445 and selling rate of ₦1,450 – a slight easing from recent highs
amid growing investor confidence and rising FX inflows.
This contrasts with the official CBN NFEM rate of ₦1,436.34, narrowing
the parallel market premium to just 0.97%.
In this Black-market rates
update, we explore:
Today’s Aboki FX rates
NFEM vs Parallel market comparison
Naira appreciation trend
Key economic & political drivers
Short- and long-term effects on
inflation, imports, trade, and Nigeria's economy.
Today’s Parallel Market Rates – November 5, 2025 (Aboki FX / BDC Averages
Based on real time data from Bureau De Change operators in Lagos, Abuja, Port Harcourt and Kano.
|
Currency |
Buying Rate (₦) |
Selling Rate (₦) |
Premium vs NFEM |
|
US Dollar (USD) |
1,445 |
1,450 |
+0.97% |
|
Euro (EUR) |
1,685 |
1,735 |
+4.9% |
|
Pound Sterling (GBP) |
1,985 |
2,030 |
+7.6% |
|
Chinese Yuan (CNY) |
205 |
210 |
+4.2% |
|
South African Rand (ZAR) |
82 |
84 |
+1.9% |
|
CFA Franc |
2.48 |
2.50 |
-0.5% (Stable) |
Source: Aggregated from Aboki FX, NgnRates.com, and BDC dealers (Nov 5, 2025).
Rates fluctuate; verify locally.
Note: Parallel market still preferred for quick USD access despite CBN
reforms.
Pro Tip: For PTA / BTA / school fees (Form A), use official NFEM
to avoid premium charges.
Parallel vs Official NFEM: Nov 5 vs Nov 3, 2025
|
Currency |
NFEM (Nov 3) |
Parallel (Nov 5) |
Change Since Nov 3 |
Gap (Parallel - NFEM) |
|
USD |
₦1,435.84 |
₦1,445 / ₦1,450 |
+₦9.16 / +₦14.16 (+0.64%) |
+0.64% |
|
EUR |
₦1,652.80 |
₦1,685 / ₦1,735 |
+₦32.20 / +₦82.20 (+1.95%) |
+1.95% |
|
GBP |
₦1,885.12 |
₦1,985 / ₦2,030 |
+₦99.88 / +₦144.88 (+5.3%) |
+5.3% |
|
CNY |
₦201.62 |
₦205 / ₦210 |
+₦3.38 / +₦8.38 (+1.68%) |
+1.68% |
Verdict: Naira appreciated slightly in the parallel market (+0.64%) and
the premium is now at historic lows (~1%).
Has the Naira Appreciated or Depreciated?
Appreciated in the parallel market compared to Nov 3.
- USD/NGN down from ~₦1,459 sell → ₦1,450
sell
- 0.62% gain for
Naira
- Parallel rate now closely aligned with
NFEM official rate
- YTD 2025:
Naira up ~4.89% in black market
This follows a brief mid-week
depreciation triggered by lower oil prices.
Why the Naira Strengthened? (Economic + Political Factors)
Economic Factors
1.
Rising FX Reserves – $43.25B (up from $38B in Oct)
2.
$2.5B Q4 diaspora remittances
3.
Oil price recovery – Brent back to $79.50/barrel
4.
Reduced seasonal FX demand – corporate bids fell 20%
Political & Policy Factors
1.
CBN resumes $200M weekly BDC
sales
2.
MPR held at 27.25% to control inflation
3.
Naira safe-haven demand
due to US election uncertainty
4.
ECOWAS stability reduces CFA
pressure
5.
Reduced 2027 pre-election
spending fears
Economic Implications
Short-Term (Nov–Dec 2025)
|
Aspect |
Effect |
|
Inflation |
CPI eases
to 24.5% |
|
Imports |
Clearing
cost down 1% |
|
Consumer spending |
Boost –
PTA/BTA near-official rate |
|
BDC Liquidity |
Lower
speculation, improved access |
Risk: If reserves fall < $40B → premium could widen to 5%.
Long-Term Impact (2026+)
|
Scenario |
Trigger |
Naira Outlook |
|
Optimistic (₦1,300) |
Oil >$85, reserves >$45B, FDI surge |
Appreciation |
|
Pessimistic (₦1,550+) |
Oil <$75, no reforms |
Depreciation |
|
Base (₦1,400) |
Moderate reforms, oil ~$80 |
Stability |
Top Traded Parallel Market Currencies (Nov 5)
1.
USD – ₦1,445 / ₦1,450
2.
GBP – ₦1,985 / ₦2,030
3.
EUR – ₦1,685 / ₦1,735
4.
CNY – ₦205 / ₦210
5.
ZAR – ₦82 / ₦84
Investor Tip: Hedge using USDT (~₦500) or CBN forward contracts.
Actionable Advice
|
Action |
Who Should Act |
|
Lock in USD now |
Importers, schools |
|
Delay FX purchases |
Exporters, diaspora |
|
Hedge via CBN forwards |
Corporates |
|
Monitor daily CBN updates |
Everyone |
Final Thoughts
The Naira is stabilizing
with one of the smallest parallel-to-official premiums in years.
Short-term relief is visible, but long-term gains depend on reforms +
diversification.
Tags
#Black Market Rates, #Aboki FX, #Dollar to Naira, #Parallel Market, #Naira Appreciation, #November2025Forex, #BDC Rates, #Naira Stability, #USD NGN Black Market
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