Key points:
Official CBN Rate: N1,465.29$ / USD (Appreciation of $0.29%)
Black-Market Rate: N1,490.00$ / USD (Remained unchanged)
Drivers: CBN injected N70 million in FX liquidity; external reserves rose by N92.5 million to N42.68 billion; improved market liquidity from local participants.
Top Tools: CBN FX Portal, Interswitch Network, Parallel Market Aggregator, Nairametrics
The Naira appreciated in the official market to N1,465.29/$1, gaining $0.29\%. This positive performance was primarily driven by a substantial N70 million liquidity injection from the Central Bank of Nigeria (CBN) and a rise in the country’s external reserves.
- What’s the gap between CBN & black-market rates? The difference remains narrow at N24.71 per US Dollar.
- Will the naira strengthen soon? Analysts foresee renewed pressure due to expected foreign investor sales of local assets, limited greenback supply, and strong seasonal demand towards the year's end.
- How do oil prices affect rates? While oil revenue supports liquidity, struggling global oil prices and external trade tensions are weakening the Dollar supply, which can add significant pressure to the Naira.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 25 September 2025
