Todays Exchange Rate.webp
Key Points:
  • Official CBN Rate: ₦1,488.26 / $1
  • Black-Market Rate: ₦1,500 / $1
  • Drivers: Stronger reserves at $43bn, CBN support, moderated FX demand
Top Tools: CBN FX Monitor, FMDQ Exchange, AbokiFX

The naira firmed slightly at the official market to ₦1,488.26/$1, while black-market rates eased to ₦1,500/$1, the strongest in days. Analysts credit stable inflows, higher reserves, and CBN’s interventions for the calm outlook.

FAQ: ​

What’s the gap between CBN & black-market rates? ₦11.74, among the lowest in weeks.
Will the naira strengthen soon? Yes, if reserves remain strong and CBN sustains interventions.
How do oil prices affect rates? Higher oil output boosts reserves, giving CBN more room to stabilise the naira.
Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 25 September 2025
Previous article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for September 8, 2025