Key Points:
Official CBN Rate: ₦1,457 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Naira gains momentum as FX pressure eases, reforms boost investor confidence, and Nigeria’s removal from the FATF grey list lifts market sentiment.
Top Tools: AbokiFX, CBN FX Monitor, Nairametrics
The Naira strengthened across both official and parallel markets on Friday, closing at ₦1,457/$1 and ₦1,485/$1, respectively. Improved liquidity from the CBN, tighter compliance, and Nigeria’s exit from the FATF grey list are helping to stabilise the FX landscape. For real-time updates, use AbokiFX or CBN FX Monitor for interbank quotes, and Nairametrics for black-market snapshots, each refreshed every minute.
FAQ
- What’s the gap between CBN & black-market rates? About ₦28 difference as of today.
- Will the Naira strengthen soon? Analysts expect short-term stability if reforms and liquidity support continue.
- How do oil prices affect rates? Higher oil prices can strengthen reserves, easing FX scarcity and supporting the Naira
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 30 September 2025
