Key points:
- Official CBN Rate: ₦1,480.15 / USD
- Black-Market Rate: ₦1,500 / USD
- Drivers: Oil price swings, FX liquidity, inflation concerns
- Top Tools: AbokiFX, FMDQ, Nairametrics FX Tracker
The naira firmed slightly in the parallel market to ₦1,500/$ from ₦1,510/$, while slipping marginally at the CBN window to ₦1,480.15/$. The gap between both rates narrowed to ₦19.85, reflecting reduced pressure on FX demand.
FAQs:
What’s the gap between CBN & black-market rates? ₦19.85 per dollar, narrower than last weekend’s ₦30.
Will the naira strengthen soon? Analysts see modest stability if oil prices hold and CBN sustains interventions.
How do oil prices affect rates? Higher crude earnings boost dollar inflows, supporting naira liquidity
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 3 September 2025
