Official CBN Rate: ₦1,460.49 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Cooling FX demand, increased liquidity, CBN reforms, and easing speculative activity.
Top Tools: AbokiFX, Investing.com, Nairametrics
The naira appreciated to ₦1,460.49/$1 at the official market, gaining ₦2.95 as FX demand pressure eased, according to Business Post. Improved compliance, rising oil receipts, and stronger investor confidence continue to lift market sentiment. For real-time updates, use AbokiFX or Investing.com for interbank quotes, and Nairametrics for black-market snapshots, each refreshed every minute.
FAQ
- What’s the gap between CBN & black-market rates? Roughly ₦30, showing mild stability compared to last week.
- Will the naira strengthen soon? Analysts expect a gradual recovery as reforms deepen and speculative trades reduce.
- How do oil prices affect rates? Higher oil prices boost dollar inflows, helping CBN sustain liquidity and ease FX pressure.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 27 September 2025
