- Dollar-to-Naira Exchange Rate — September 9, 2025
- Black market trades higher at ₦1,510 to ₦1,525 per dollar.
- FX shortages continue to widen the gap between official and parallel rates
The value of the US dollar against the Nigerian naira remains a key concern for both businesses and individuals. Today’s rates show moderate movement across both official and parallel markets, reflecting ongoing economic pressure and tight foreign exchange liquidity.
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EKO HOT BLOG reports that in the official (mid-market) channel, the dollar trades around ₦1,505, measured at approximately ₦1,504.89 according to leading financial platform Wise. Over the past week, the exchange rate has fluctuated between ₦1,495 and ₦1,529, indicating some stability but still within a wide range.
In contrast, the black market (parallel) rate remains significantly higher. According to AbokiFX, the buying rate stands at ₦1,510, while the selling rate is ₦1,525. These rates reflect persistent pressure on the naira and the supply constraints affecting access to foreign currency.
Here is a breakdown:
| Exchange Channel | USD → NGN Rate |
|---|---|
| Official (Mid-Market) | ₦1,505 approx. |
| Black Market (Buy) | ₦1,510 |
| Black Market (Sell) | ₦1,525 |
The widening gap between official and parallel rates underscores the ongoing challenge of FX supply shortages and speculative demand.
The central bank continues efforts to stabilise the naira through revenue diversification and improved forex policy.
