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Dollar to Naira Rate For Today August 13, 2025 .
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Parallel market rate now ₦1,530/$1 amid high demand.
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Analysts warn depreciation may fuel further inflation
The Nigerian naira weakened further against the United States dollar on Wednesday, August 13, 2025, across both official and parallel market segments.
The local currency’s continued decline has heightened concerns among businesses and consumers already grappling with inflation and rising living costs.
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EKO HOT BLOG reports that at the official Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira closed at ₦1,512.67/$1, compared to ₦1,498.80 recorded on Tuesday. In the parallel market, rates were higher, with the dollar selling for around ₦1,530/$1. Below is today’s rate breakdown:
| Market Type | Rate (₦ per $1) | Previous Day (₦) | Change |
|---|---|---|---|
| Official (NAFEM) | 1,512.67 | 1,498.80 | -13.87 |
| Parallel Market | 1,530.00 | 1,515.00 | -15.00 |
Currency traders attribute the persistent pressure on the naira to low foreign exchange inflows, speculative activities, and high demand for the dollar from importers. Despite the Central Bank of Nigeria’s recent interventions, the supply gap in the forex market remains a challenge.
Economic analysts warn that unless Nigeria improves export earnings, attracts foreign investment, and reduces dollar demand for non-essential imports, the currency’s weakness could continue. The depreciation also has implications for fuel prices, manufacturing costs, and general inflation, potentially worsening hardship for millions of Nigerians.
The Central Bank has reiterated its commitment to stabilising the naira through policy measures and market reforms, but results remain slow in materialising.
