Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for September 9, 2025

Key points:

• Official CBN Rate: N1,507.85 / USD
• Black-Market Rate: N1,520 / USD

Drivers:

• Enhanced forex inflows
• Increased foreign portfolio investor confidence
• Rising forex reserves

The Naira strengthened across both the official and black markets today, driven by increased foreign exchange inflows and sustained confidence from foreign investors. The local currency is showing resilience, with analysts optimistic about its continued stability.

FAQ

• What’s the gap between CBN & black-market rates? There is a minimal gap of about N12.15 per dollar, indicating improved liquidity and market convergence.
• Will the Naira strengthen soon? Experts expect the momentum to be sustained due to rising forex reserves and a decline in headline inflation.
• How do oil prices affect rates? While not a direct driver in this specific report, higher oil prices generally boost Nigeria's foreign reserves, positively impacting the Naira.