Key Points:
Official CBN Rate: ₦1,434.85 / $1
Black-Market Rate: ₦1,450 / $1
Drivers: Fading U.S. military threat rhetoric, stable external reserves, rising FX inflows from exporters and corporates.
Top Tools: abokiFX, CBN FX Dashboard, NairaRatesLive
The naira held firm on Tuesday, appreciating slightly in the official market amid renewed confidence in Nigeria’s economy and stable reserves at $43.25 billion. The black market remained steady at ₦1,450/$1 as FX inflows improved and government reassurances calmed investor jitters over recent global tensions. For real-time updates, use abokiFX or CBN FX Dashboard for interbank quotes, and NairaRatesLive for black-market snapshots, each refreshed every minute.
- What’s the gap between CBN & black-market rates? Around ₦15 per dollar, reflecting mild speculative activity.
- Will the naira strengthen soon? Analysts expect moderate gains if FX inflows from exporters and diaspora remittances persist.
- How do oil prices affect rates? Higher oil prices boost reserves and help the CBN stabilise the naira through improved dollar liquidity.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for October 10, 2025
