Todays Exchange Rate.webp
Key points:
  • Official CBN Rate: N1,535.61 / USD
  • Black-Market Rate: N1,545 / USD
  • Drivers: Fresh FX inflows, strong OMO subscription, easing demand pressure
  • Top Tools: NAFEM Monitor, FMDQ FX Feed, AbokiFX
The naira strengthened at the official market, appreciating to N1,535.61/$1 from N1,537.19 the previous day, supported by robust FX inflows as investors oversubscribed CBN’s OMO bills. The black-market rate, however, stayed flat at N1,545/$1. For real-time updates, use NAFEM Monitor or FMDQ FX Feed for interbank quotes, and AbokiFX for black-market snapshots, each refreshed every minute.

FAQ:

What’s the gap between CBN & black-market rates? About N9.39 separates the official rate (N1,535.61) from the parallel market (N1,545).
Will the naira strengthen soon? Short-term relief is possible as reserves rise and FX inflows improve, but structural demand-supply gaps persist.
How do oil prices affect rates? Higher oil prices boost Nigeria’s reserves and CBN’s firepower, helping the naira. Lower prices weaken FX supply, often pressuring the currency.
Previous article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 17 July 2025