Todays Exchange Rate.webp
Key points:
  • Official CBN Rate: ₦1,458.8 / USD
  • Black-Market Rate: ₦1,495 - ₦1,515 / USD
  • Drivers: FX supply constraints, seasonal import demand, and CBN liquidity operations.
  • Top Tools: FMDQ FX Market Rate, Nairametrics FX Tracker, AbokiFX
The Naira held near ₦1,459 on official windows, while the parallel market saw rates as high as ₦1,515 due to persistent demand for hard currency outstripping supply. The significant gap highlights ongoing FX supply constraints for retail and cash transactions. For real-time updates, use FMDQ FX Market Rate or Nairametrics FX Tracker for interbank quotes, and AbokiFX for black-market snapshots, each refreshed every minute.

FAQ
  • What’s the gap between CBN & black-market rates? The difference is about ₦36–₦56, reflecting higher demand and limited supply in the informal market.
  • Will the naira strengthen soon? Stability depends on improved FX inflows, CBN interventions, and broader investor sentiment.
  • How do oil prices affect rates? Higher oil revenues can boost FX reserves and strengthen the Naira by increasing dollar supply.
Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 30 September 2025