Official CBN Rate: ₦1,452.68 / USD
Black-Market Rate: ₦1,470–₦1,480 / USD
Drivers: FX shortages, weak dollar supply, retail market pressure, and low inflows from oil & investment.
Top Tools: AbokiFX, CBN I&E Window Feed, FXWatch Live
The naira opened the week under renewed pressure as the black-market rate stayed significantly weaker than the official NFEM window. Despite ongoing FX reforms, scarcity persists across major cities, pushing traders and businesses to rely heavily on the parallel market for real pricing signals. For real-time updates, use AbokiFX or the CBN I&E Window Feed for interbank quotes, and FXWatch Live for black-market snapshots, each refreshed every minute.
What’s the gap between CBN & black-market rates? Roughly ₦20–₦30, depending on location and transaction size.Will the naira strengthen soon? Sustained improvement depends on higher dollar inflows from oil revenue and foreign investment.
How do oil prices affect rates? Higher oil prices boost FX reserves and strengthen the naira; weak oil output worsens dollar scarcity.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 24 October 2025
