- Dollar to Naira Exchange Rate Today, 5th September 2025
- Black market rate hits ₦1,538, widening gap with official window.
- Analysts link depreciation to inflation, imports, and weak oil revenues
The Naira continues to face pressure against the United States Dollar as Nigeria’s foreign exchange market remains volatile. On Friday, 5 September 2025, the local currency traded at an average of ₦1,521.46 per USD in the official market, according to figures available from the Central Bank of Nigeria (CBN) and recent market data.
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EKO HOT BLOG reports that in the parallel market, popularly known as the black market, traders quoted the Naira at an average of ₦1,538 per USD, reflecting a notable gap between the official and unofficial exchange windows. The persistent disparity has continued to shape currency speculation and influence business operations across the country.
| Exchange Type | Rate (₦ per USD) |
|---|---|
| Official (CBN/Interbank) | ~₦1,521–₦1,522 |
| Parallel (Black Market) | ~₦1,538 |
The parallel market remains the preferred source for many individuals and businesses due to limited access to foreign exchange through official channels. However, analysts warn that heavy reliance on the black market continues to put additional strain on the Naira, further widening the gap between both markets.
Experts also point to underlying factors such as declining oil revenues, rising import costs, and persistent inflation as reasons for the sustained weakness of the local currency.
They stress that stronger fiscal and monetary policies, including efforts to diversify the economy and boost export earnings, will be crucial to stabilising the exchange rate in the long term.
