Nigerian Naira Exchange Rates November 5, 2025: USD/NGN Depreciation Trends,, CBN Rates & Economic Drivers.

 

Nigerian Naira Exchange Rates Update: November 5, 2025 Insights-Trends, Depreciation Analysis, and Economic Drivers.

In the dynamic world of Nigerian foreign exchange, staying ahead of market movements is essential for businesses, investors, and households navigating imports, remittances, and investment decisions.
As we close the first week of November 2025, the Naira’s performance against major currencies — USD, EUR, and GBP — reflects mixed but telling trends amid economic headwinds.

This report offers a deep dive into CBN’s official exchange rates for November 5, 2025, comparing them with November 3 and November 4, analyzing Naira depreciation drivers, and unpacking macroeconomic implications.

Latest Nigerian Foreign Exchange Rates: November 5, 2025 (CBN Data)

The CBN official Exchange  rates for November 5, 2025 reflect the Nigeria Foreign Exchange Market (NFEM) benchmarks, providing a stable reference for transactions. These rates are derived from volume-weighted averages and serve as the cornerstone for official dealings. Here is a snapshot of key currency Exchange rates in Nigeria.

Currency	Buying Rate (₦)	Central Rate (₦)	Selling Rate (₦)
CFA Franc	2.4915	2.5015	2.5115
Chinese Yuan (Renminbi)	201.6546	201.7248	201.7949
Danish Krone	221.0273	221.1041	221.1810
Euro	1,650.2443	1,650.8183	1,651.3923
Japanese Yen	9.3356	9.3388	9.3421
Saudi Riyal	383.2707	383.4040	383.5373
South African Rand	82.4398	82.4685	82.4972
SDR (Special Drawing Rights)	1,947.8057	1,948.4832	1,949.1607
Swiss Franc	1,773.3716	1,773.9884	1,774.6052
British Pound Sterling	1,872.4810	1,873.1323	1,873.7836
US Dollar	1,437.4950	1,437.9950	1,438.4950
WAUA (West African Units of Account)	1,941.2998	1,941.9751	1,942.6503

Source: Central Bank of Nigeria (CBN) NFEM Data – November 5, 2025

Key Insight:
At ₦1,437.9950 per USD, the Naira showed a mild adjustment, shaping import costs, fuel pricing, and remittance dynamics.

Comparative Analysis: November 3–5, 2025 (Central Rates)

To uncover  patterns in Nigeria currency exchange  rates, let's compare the central rates for major currencies acrossNovember3,4, and 5, 2025. This 3 day window reveals short-term volatility, particularly against the USD, EUR and GDP, which dominate, Nigeria's trade and remittance flows

Currency	Nov 3 (₦)	Nov 4 (₦)	Nov 5 (₦)	3-Day Change (₦)
US Dollar	1,421.73	1,441.75	1,437.9950	+16.265 (+1.14%)
Euro	1,650.00*	1,652.50*	1,650.8183	+0.8183 (+0.05%)
British Pound Sterling	1,870.00*	1,872.00*	1,873.1323	+3.1323 (+0.17%)
Chinese Yuan	201.50*	201.60*	201.7248	+0.2248 (+0.11%)
Danish Krone	221.00*	221.05*	221.1041	+0.1041 (+0.05%)

*Estimated using reported NFEM averages from CBN and market sources; exact daily breakdowns for for non-USD currencies, were derived from sequential trends.

Observations:

·         USD: Naira fell from ₦1,421.73 → ₦1,441.75 (+1.41%) before recovering to ₦1,437.99 (−0.26%).
→ Net 3-day depreciation: 1.14%.

·         EUR: Stable trend (+0.05%), reflecting Eurozone trade resilience.

·         GBP: Gradual uptick (+0.17%) aligned with strong UK macro data.

Parallel Market Context:
Dollar hovered at ₦1,450, maintaining a 1–2% premium over official rates.

Price Trends & Direction: Depreciation or Stability?

Between Nov 3–5, 2025, the Naira faced mild depreciation against the USD, losing 1.14%.
However, its rebound on Nov 5 suggests incipient stabilization as dollar demand eased.

·         Depreciation: 1.14% loss vs. USD, 0.11% vs. Yuan, (+0.11%) vs. GBP(+0.17)

·         Appreciation: Flat vs. EUR (+0.05%)

·         Overall: Short-term bearish but signs of correction ahead.

Analysts expect 2.5% Naira strengthening by end of November if CBN sustains intervention.

Visual cue: A gradual climb from ₦1,421 → ₦1,438 signals caution but controlled movement, with ₦1,450 as key resistance.

Economic Drivers of Naira Movements (Nov 2025)

1.      Oil Price Volatility

o    Brent crude at $72/barrel post-OPEC+ adjustment.

o    Oil underperformance = lower FX inflows.

2.      CBN Policy Actions

o    Dollar sales + high MPR (27.5%) stabilize rates.

o    FX reserves ($32.8B) buffer, but tight liquidity persists.

3.      Inflation & Imports

o    Inflation easing to 20.1% (from 21.9%) supports modest stability.

o    However, global food/fuel price hikes continues  to fuel depreciation

4.      Foreign Inflows

o    Remittances averaging (₦1,460–1,470/USD) support liquidity.

o    Seasonal drop in FDI restrains longer-term recovery.

5.      Domestic & Global Dynamics

o    Fed pause + steady GDP (4.2%) underpin cautious optimism.

o    Tinubu’s fiscal reforms sustain confidence, but non-oil revenue remains weak.

Summary:
The Naira’s depreciation is policy-influenced, not structural — a sign of managed adjustment, not collapse.

Implications for Businesses & Individuals

Group	Impact / Recommendation
Importers	Reassess contracts; hedge if rates exceed ₦1,450
Exporters	Temporary competitive advantage
Investors	Watch reserves; diversify holdings
Remittance Receivers	Parallel markets offer higher yields (₦1,450+), but CBN safer

Tip: Firms should adopt forward contracts and monitor CBN circulars for rate ceilings.

Final Thoughts: Navigating the Naira’s Path

The ₦1,437.9950 rate on Nov 5, 2025, underscores a mildly depreciated but steady Naira, with resilience supported by CBN measures, oil output, and fiscal discipline.
The Naira’s short-term path remains cautious yet stable — not free-falling.

Action Points:

·         Diversify forex exposure

·         Monitor CBN updates

·         Use official channels for transparency

Stay informed with weekly Naira bulletins for expert insight on exchange rate trends and forecasts.

Disclaimer: Exchange rates fluctuate; always verify live rates on CBN.gov.ng. Not financial advice.

Tags

#CBNRates #NairaDepreciation #USDNGN #ForexNigeria #November2025Rates #NairaForecast #DollarToNaira #OilImpact #NFEM