Key Points
- Official CBN Rate: ₦1,436.58 / USD
- Black-Market Rate: ₦1,445–₦1,469 / USD (some trades near ₦1,515)
- Drivers: Weak FX inflows, strong importer demand, and widening parallel market premium
- Top Tools: CBN FX Dashboard, AbokiFX, FXRatesNG
The naira traded slightly weaker on Tuesday, closing around ₦1,436.58 at the official market, while parallel traders in Lagos sold dollars as high as ₦1,469. Analysts blame the ₦28–₦30 gap on weak supply and sustained importer demand. Until inflows improve, the spread is likely to persist. For real-time updates, use CBN FX Dashboard or AbokiFX for interbank quotes, and FXRatesNG for black-market snapshots, each refreshed every minute.
What’s the gap between CBN & black-market rates? Around ₦28–₦30 per dollar this week, reflecting liquidity pressure.
Will the naira strengthen soon? Unlikely without stronger oil earnings or FX inflows from investors.
How do oil prices affect rates? Falling crude prices limit dollar inflows, pressuring the naira further.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 16 October 2025
