Official CBN Rate: ₦1,483 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Modest forex inflows, CBN interventions, steady global dollar.
Top Tools: AbokiFX, Investing.com, Nairametrics FX Tracker
The naira traded cautiously today, with only a ₦7 gap between the NFEM and parallel market. Analysts say modest dollar inflows from remittances and imports, plus CBN interventions, kept volatility in check. For real-time updates, use AbokiFX or Investing.com for interbank quotes, and Nairametrics FX Tracker for black-market snapshots, each refreshed every minute.
FAQ
What’s the gap between CBN & black-market rates? About ₦7 today, smaller than the wider spreads seen earlier this year.Will the naira strengthen soon? Analysts expect stability in the short term around ₦1,480–₦1,500 if inflows remain steady.
How do oil prices affect rates? Higher oil prices boost Nigeria’s dollar supply, helping to ease pressure on the naira.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for September 9, 2025
