Dollar to Naira Exchange Rate Today – August 14, 2025
The Nigerian naira remained under pressure on Thursday, trading above ₦1,530 against the US dollar in the official foreign exchange market.
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EKO HOT BLOG reports that market analysts attribute the sustained weakness to limited dollar inflows, rising import bills, and persistent demand pressure from manufacturers and businesses.
| Date | Currency Pair | Rate (₦) | Intraday Range (₦) |
|---|---|---|---|
| August 14, 2025 | USD/NGN | 1,535.63 | 1,512 – 1,558 |
As of 04:00 UTC, the naira exchanged at ₦1,535.63 to the dollar, according to data from exchange-rates.org. This represents a marginal movement compared to Wednesday’s close, but the currency remains far from its pre-2023 levels when it traded below ₦500 per dollar.
Traders in Lagos and Abuja report that while the official rate has been relatively stable in recent days, black market rates continue to fluctuate more sharply, with some transactions crossing ₦1,560. This disparity between official and parallel market rates continues to fuel concerns over arbitrage and speculative trading.
Economic experts warn that without significant reforms to boost foreign exchange supply—such as increasing non-oil exports, attracting foreign investment, and easing capital controls—the naira may face further depreciation in the coming months.
The Central Bank of Nigeria has pledged to monitor market conditions and intervene when necessary, but it remains unclear whether these measures will be sufficient to reverse the current trend.
