Naira Weakens Against Dollar On Wednesday, November 5

On Wednesday, November 5, 2025, the naira exchanged at ₦1,469 per US dollar across Nigeria.

This marks a decline compared to Tuesday, November 4, when the naira traded at ₦1,459 per dollar, showing a ₦10 depreciation, which signals weaker performance and renewed pressure on the currency after a brief period of stability.

Market watchers say the downturn reflects renewed demand pressures and cautious market sentiment from traders responding to shifting external conditions and domestic liquidity movements.

For importers, travelers, and businesses reliant on dollars, the slight drop adds to cost pressures and planning challenges, as the currency once again faces volatility after remaining steady in previous sessions.

However, analysts note that while the dip is negative, it is relatively modest, suggesting the market remains supported by policy measures and central bank interventions aimed at stabilizing the foreign-exchange environment.

Economists stress that Nigeria must continue strengthening non-oil FX inflows, boosting investor confidence, and maintaining effective monetary controls to prevent sharper declines and protect purchasing power.

At ₦1,469 per dollar, the naira posts a mild weakening from the last session — a reminder that the currency remains sensitive to shifting economic indicators and global market trends.

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