TUE NOV 18 2025-theGBJournal| The Nigerian currency, the naira started and closed steady on Monday at about N1,441.5/$ on the official Nigerian Foreign Exchange Market (NFEM), with parallel (black) market rates ranging from N1,435/$ – N/1,450/$.
The naira has strengthened by roughly 6.76 percent against the U.S. dollar in the first 11 months of 2025, partially reversing the sharp depreciation that occurred between 2023–2024.
Last week, the currency witnessed a mixed performance across the various FX market segments. At the official window, Naira weakened by -0.41% w/w to close at N1,442.43/US$1 from N1,436.58/US$1 in the prior week.
Meanwhile, the parallel market rate strengthened by 1.03% w/w, settling at N1,450.00/US$1, narrowing the gap between the official and parallel market rates to 0.52% from 1.98% in the previous week.
Meanwhile, Foreign exchange inflows through the Nigerian Foreign Exchange Market (NFEM) declined to US$672.30 million, from US$899.20 million in the previous week.
Foreign Portfolio Investors (FPIs) remained the dominant contributors, accounting for 34.42% (US$231.40 million) of total inflows, followed by Non-Bank Corporates (25.70%), Exporters (22.47%), Individuals (7.56%), and Central Bank of Nigeria (CBN) (5.52%) while other sources contributed 4.33%.
On the reserves front, gross external reserves rose marginally by 0.24% w/w (US$103.06 million) to US$43.43 billion (as of 13th November 2025).
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