Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for August 13, 2025

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Key points:

• Official CBN Rate: N1,537.38 / USD
• Black-Market Rate: N1,555 / USD
• Drivers: Volatility in global oil prices and persistent FX injections by the Central Bank of Nigeria (CBN).
• Top Tools: Bloomberg Terminal, Reuters Eikon, AbokiFX

The Naira faced renewed pressure in the official market, weakening against the US Dollar to N1,537.38/,whilesurprisinglyfirmingupintheblackmarkettoN1,555/. This divergence is largely driven by a recent downward trend in crude oil prices, which impacts the nation's foreign reserves. For real-time updates, use Bloomberg Terminal or Reuters Eikon for interbank quotes, and AbokiFX for black-market snapshots, each refreshed every minute.

• What’s the gap between CBN & black-market rates? The gap between the official and black-market rates is approximately N17.62, reflecting differences in liquidity and demand between the two markets.
• Will the naira strengthen soon? Market expectations suggest the Naira may hold relatively steady in the official market, though it remains vulnerable to major shocks in global commodity or financial markets.
• How do oil prices affect rates? A downward trend in crude oil prices can introduce headwinds to Nigeria’s foreign reserves, making it more difficult for the CBN to defend the Naira's value.