Naira Gains to ₦1,441/$1 as FX Pressure Eases Across Markets
November 16, 2025
12:02 am
Nigerian Naira gains against the dollar and pound amid rising reserves, while cryptocurrency markets see sharp declines over $1 billion in liquidations.
Nigerian Naira strengthened on Thursday November 13, 2025, reversing some of the recent pressure in the foreign exchange market. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira closed at ₦1,441.44 per US dollar, up ₦1.64 or 0.11% from Wednesday’s ₦1,443.08/$1.
The local currency also gained against the British Pound, rising ₦2.44 to ₦1,898.96/£1 from ₦1,901.40/£1 the previous day. Against the Euro, however, the Naira dipped slightly by 99 kobo to ₦1,674.96/€1, compared with Wednesday’s ₦1,673.97/€1.
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