By Samuel Okechukwu,
The Nigerian foreign exchange market operates with different rates, primarily the official rate (Naira for Dollar exchange market or NFEM) and the parallel (black) market rate.
Here are the indicative exchange rates for USD to NGN today, Thursday, November 13, 2025.
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Official & Indicative Rates
| Market Segment | Rate (₦/US$) | Date of Data | Source |
| Official Rate (NFEM) | ₦1,443.08 | November 12, 2025 (Closing Rate) | CBN |
| Closing Spot Rate | ₦1,441.91 | November 13, 2025 (Intra-day) | Market Data |
| Interbank Rate | ₦1,438.04 | November 13, 2025 (Mid-market) | Financial Converters |
The Central Bank of Nigeria (CBN) typically reports the official rate (NFEM) after the close of trading, so the most recent confirmed figure is from the previous day’s closing session.
The parallel market rate, where most cash transactions and informal trades occur, is generally higher than the official rate.
Buying Rate (for USD): Data for this specific date is not available in the search snippets.
Selling Rate (for USD): Data for this specific date is not available in the search snippets.
It is important to note that the parallel market rate is highly fluidic and varies depending on your location, the Bureau de Change (BDC) operator, and the volume of currency you are trading. You should check with local BDC operators for the most current rate before any transaction.
