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Naira FX Weekly Market Analysis — Week Ending November 7, 2025
Naira FX Weekly Market Analysis — Week Ending November 7, 2025
Naira Holds at ₦1,460/$ Amid Mild Bullish Momentum and Easing Volatility
Lagos, Nigeria (Naira FX) — The Nigerian Naira ended the week stronger and relatively stable, closing at ₦1,460 per USD on November 7, 2025. This marks a +0.21% week-on-week gain from ₦1,457 at the start of the week.
Weekly Performance Summary
| Metric | Value |
|---|---|
| Opening Rate (₦/$) | ₦1,457 |
| Closing Rate (₦/$) | ₦1,460 |
| Weekly Change | +₦3 |
| % Change | +0.21% |
| Trend | Bullish / Stable |
| 7-Day Moving Average | ₦1,456 |
| Volatility Index | 0.0057 (Low) |
| Market Sentiment | 55% Bullish Bias |
Midweek Movement and Market Drivers
The Naira traded between ₦1,452 and ₦1,458 midweek, driven by FX inflows from remittances and lower speculative demand in the parallel market. The Central Bank of Nigeria (CBN) also provided mild interventions to steady interbank liquidity.
Technical Outlook
With support around ₦1,447/$ and resistance near ₦1,470/$, the market is consolidating within a narrow range. The 7-day SMA remains below the 20-day average, signaling mild bullish recovery.
| Indicator | Value | Signal |
|---|---|---|
| 7-Day Moving Avg | ₦1,456 | Bullish |
| 20-Day SMA | ₦1,465 | Neutral |
| RSI (14D) | 54.2 | Mild Momentum |
| Volatility Index | 0.0061 | Low |
Projected Rates: Week of November 10–15, 2025
| Date | Projected Close (₦/$) | Trend |
|---|---|---|
| Nov 10 (Mon) | ₦1,460 | Stable |
| Nov 11 (Tue) | ₦1,462 | Bullish |
| Nov 12 (Wed) | ₦1,463 | Bullish |
| Nov 13 (Thu) | ₦1,465 | Stable |
| Nov 14 (Fri) | ₦1,467 | Mild Pressure |
Market Sentiment
Investor mood remains moderately bullish with 55% of traders expecting continued stability within ₦1,455–₦1,465/$, supported by seasonal FX inflows and moderated import activity.
Bottom Line
The Naira showed resilience through early November, maintaining value against the USD and closing the week at ₦1,460. Near-term outlook points toward stable to mildly bullish movement, barring unexpected global dollar strength.
Live Naira Exchange Rates
Get the latest live market exchange rates from the Naira FX dashboard below
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