Todays Exchange Rate.webp
Key points:
  • Official CBN Rate (NAFEM): ₦1,445.39 / USD
  • Black-Market Rate: ₦1,460 / USD
  • Drivers: Year-end demand pressure eased as rising foreign reserves, up 10.9% to $44.66bn, boosted confidence in possible CBN intervention. Improved FX inflows and remittances also supported the official market.
  • Top Tools: Use live FX trackers, interbank rate monitors, and parallel-market dashboards for real-time quotes.
The Naira gained ₦3.05 against the Dollar in the official market on Tuesday, closing at ₦1,445.39/$, but weakened at some forex counters and held steady on the parallel market. Reserve accumulation is helping calm speculative trading. For real-time updates, use interbank rate tools for official quotes and parallel-market trackers for street-rate snapshots, each refreshed every minute.

FAQ

What’s the gap between CBN & black-market rates? About ₦14.61, reflecting a persistent premium for unofficial forex access.
Will the Naira strengthen soon? Reserve growth and CBN intervention prospects may support stability, but parallel-market demand continues to pressure the spread.
How do oil prices affect rates? Higher oil revenues boost FX reserves and liquidity, typically strengthening the Naira’s official rate over time.
Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 18 October 2025