Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for October 10, 2025

Key Points:
Official CBN Rate: ₦1,470 / USD
Black-Market Rate: ₦1,500–₦1,515 / USD
Drivers: CBN liquidity management, rising retail dollar demand, and delayed FX inflows from oil exports.
Top Tools: FMDQ, CBN Bulletin, AbokiFX

The naira held steady at ₦1,470/$1 on the official window today, while black-market traders quoted around ₦1,500–₦1,515/$1. The ₦30–₦50 spread persists as limited dollar supply and high street demand continue to shape market sentiment. Analysts expect that upcoming CBN FX auctions could help narrow the gap.

FAQ
What’s the gap between CBN & black-market rates? Around ₦30–₦50 per dollar, depending on city and liquidity.
Will the naira strengthen soon? Only if CBN injects more FX liquidity and oil receipts rise in the short term.
How do oil prices affect rates? Higher oil prices boost Nigeria’s FX reserves, improving dollar supply and easing pressure on the naira.