- Dollar To Naira Exchange Rate Today, October 31, 2025 – Official
- Official market rate stands around ₦1,448 per dollar.
- CBN maintains interventions to curb forex volatility.
The exchange rate between the US Dollar and the Nigerian Naira continued to fluctuate on Thursday, October 31, 2025, across various forex markets in the country.
EDITOR’S PICKS
- Trump Pushes for ‘Golden Fleet’ Warships to Counter China’s Growing Threat
- Former Oyo Catholic Bishop Julius Adelakun is Dead
- Nigeria to Deliver 4,000MW Renewable Energy Capacity Under ‘Nigeria First’ Policy
EKO HOT BLOG reports that traders in Lagos and Abuja confirmed that demand for the greenback remains high as importers and travellers continue to seek foreign exchange to meet their needs.
At the black market, also known as the parallel market, the dollar traded at ₦1,495 per $1 for selling and ₦1,480 per $1 for buying. Dealers noted that the naira showed slight depreciation compared to the previous day, with traders anticipating further pressure ahead of the weekend.
In the official market, monitored at the Nigerian Foreign Exchange Market (NFEM), the exchange rate hovered around ₦1,448 per $1, according to data from the FMDQ Exchange. The Central Bank of Nigeria (CBN) has continued its intervention measures to stabilise the currency and narrow the gap between the official and parallel market rates.
Exchange Rates Table
| Market Type | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market (Lagos) | 1,480 | 1,495 |
| Official Market (NFEM) | 1,442 | 1,448 |
Experts say the slight volatility is driven by limited dollar liquidity and growing demand from businesses preparing for end-of-year imports.
FURTHER READING
- Obasanjo Explains Why He Rejected El-Rufai as Successor
- NOA Launches ₦22m Animation Contest to Promote National Values
- Gombe Commissioner Dies in Road Accident
