Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 3 September 2025

Key points:

• Official CBN/NAFEM Rate: ₦1,525.76 / $1
• Black-Market Rate: ₦1,540 / $1
• Drivers: Stronger FX liquidity, foreign portfolio inflows, non-oil exports, reduced speculation
• Top Tools: CBN FX Monitor, AbokiFX, NAFEM Live Tracker

The naira gained slightly at the official market on Tuesday, appreciating to ₦1,525.76/$1 from ₦1,526.10. It also strengthened against the pound and euro, while black-market rates held steady at ₦1,540/$1. Analysts credit FX reforms, inflows, and stable liquidity for the modest gains.

FAQ:

What’s the gap between CBN & black-market rates? About ₦14.24 per dollar, reflecting reduced arbitrage pressure.
Will the naira strengthen soon? Sustained inflows from FPIs and non-oil exports suggest stability, though external shocks remain a risk.
How do oil prices affect rates? Higher oil revenues boost FX reserves, easing demand pressure and supporting naira stability.