Key points:
Official CBN Rate: ₦1,470.62 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Improved economic outlook, stronger GDP growth, forex demand pressure, and stabilising inflows.
Top Tools: CBN.gov.ng, AbokiFX, BluFX App
The naira appreciated slightly at the official market to ₦1,470.62/$1, buoyed by positive World Bank projections and Nigeria’s 3.9% GDP growth in H1 2025. However, high forex demand pushed the parallel market rate to ₦1,485/$1 as dollar supply tightened. For real-time updates, use CBN.gov.ng or BluFX for interbank quotes, and AbokiFX for black-market snapshots, each refreshed every minute.
FAQ
What’s the gap between CBN & black-market rates? About ₦15 difference per dollar.
Will the naira strengthen soon? Analysts say gradual gains are possible if forex inflows and oil revenues remain steady.
How do oil prices affect rates? Higher oil prices boost dollar inflows, strengthening the naira; falling prices have the opposite effect.
- Next article in the series 'Dollar to Naira Rate Series': Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 11th September 2025
