Official CBN/NFEM Rate: ₦1,456 / $1Black-Market Rate: ₦1,455–₦1,465 / $1
Drivers: Slower FX inflows, steady retail demand, impact of CBN’s September policy rate cut, and year-end seasonal pressure.
Top Tools: AbokiFX Pro, CBN NFEM Dashboard, FX BlueTrack
The naira held around ₦1,456/$ at the official NFEM window, while parallel dealers traded between ₦1,455 and ₦1,465. The gap between both markets remains tight but reflects ongoing retail demand outside formal channels. Analysts say week-to-week movements will depend on dollar inflows and CBN money-market operations. For real-time updates, use AbokiFX Pro or CBN NFEM Dashboard for interbank quotes, and FX BlueTrack for black-market snapshots, each refreshed every minute.
What’s the gap between CBN & black-market rates? A narrow band of roughly ₦10, showing reduced arbitrage but persistent informal-market activity.Will the naira strengthen soon? It may stabilise if inflows improve and CBN sustains liquidity; otherwise, retail pressure could push parallel rates higher.
How do oil prices affect rates? Higher oil prices typically boost FX inflows, supporting the naira; weaker prices reduce supply and put pressure on both markets.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 25 October 2025
