Key Points:
Official CBN Rate: ₦1,436.34 / USD
Black-Market Rate: ₦1,440 / USD
Drivers: Investor caution after Trump’s military threat, steady informal FX supply, and mild remittance slowdown.
Top Tools: AbokiFX, CBN FX Monitor, NairaRates.io
Despite Donald Trump’s military threats, the naira held firm at ₦1,440 in the black market on Tuesday, unchanged from Monday. Dealers cite stable demand and informal dollar inflows as key supports. The official rate, however, dipped 1% to ₦1,436.34.
FAQ
- What’s the gap between CBN & black-market rates? Only ₦4, showing relative market alignment despite political noise.
- Will the naira strengthen soon? Analysts expect near-term stability if remittances and portfolio inflows recover.
- How do oil prices affect rates? Rising crude near $78 helps bolster reserves and liquidity, offsetting temporary shocks.
For real-time updates, use AbokiFX or CBN FX Monitor for interbank data, and NairaRates.io for black-market quotes refreshed every minute.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 9 October 2025
