Todays Exchange Rate.webp
Key points:
  • Official CBN Rate: ₦1,471.03 / USD
  • Black-Market Rate: ₦1,485 / USD
  • Drivers: Cooling inflation, weak dollar supply, global risk aversion, and investor sell-offs amid US-China tensions.
  • Top Tools: AbokiFX, FMDQ, ParallelMarket.io
The naira appreciated slightly by 0.15% at the official market, closing at ₦1,471.03/$1 as FX demand eased. However, it weakened against the pound and euro. Analysts warn the naira may face more pressure next week due to reduced dollar inflows despite easing inflation and improving reserves. For real-time updates, use AbokiFX or FMDQ for interbank quotes, and ParallelMarket.io for black-market snapshots, each refreshed every minute.

FAQ​

What’s the gap between CBN & black-market rates? About ₦14 difference per dollar as of today.
Will the naira strengthen soon? Analysts see mixed signals; lower inflation helps, but weak FX supply may limit gains.
How do oil prices affect rates? Higher oil prices boost reserves and FX liquidity, strengthening the naira.