Key points:
- Official CBN Rate: ₦1,455 / USD
- Black-Market Rate: ₦1,460–₦1,470 / USD
- Drivers: Rising reserves ($43bn), CBN reforms, lower speculation, foreign investor inflows
- Top Tools: FMDQ Exchange, AbokiFX, Nairametrics FX Tracker
The naira held steady at ₦1,455/$ in the official window, its strongest rally this year. Analysts link the rebound to CBN reforms, stronger reserves, and renewed investor confidence. Black-market rates remain slightly higher at ₦1,460–₦1,470/$. For real-time updates, use FMDQ Exchange or AbokiFX for interbank quotes, and Nairametrics FX Tracker for black-market snapshots, each refreshed every minute.
FAQ
What’s the gap between CBN & black-market rates? About ₦5–₦15, showing reduced pressure compared to earlier spikes in 2025.Will the naira strengthen soon? Analysts see short-term stability if reforms continue, but risks remain from oil shocks and speculative trades
How do oil prices affect rates? Higher crude earnings boost FX reserves, giving the CBN more firepower to defend the naira.
