- Dollar-to-Naira Exchange Rate — September 10, 2025
- Black market rate ranges from ₦1,515 (buying) to ₦1,530 (selling).
- The persistent rate gap underscores continued FX market pressure in Nigeria
The value of the U.S. dollar against the Nigerian naira continues to show notable disparities across official and parallel markets, reflecting persistent FX liquidity challenges.
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EKO HOT BLOG reports that in the official (mid-market) channel, the dollar is trading at approximately ₦1,506.08, based on data from Pound Sterling LIVE for September 10.
Meanwhile, the black market (parallel market) rate remains elevated, with the buying rate at ₦1,515 and selling rate at ₦1,530, according to current data from Talentbase.
Here’s a quick comparison:
| Exchange Channel | USD → NGN Rate |
|---|---|
| Official (Mid-Market) | ₦1,506.08 |
| Black Market (Buy) | ₦1,515 |
| Black Market (Sell) | ₦1,530 |
The gap between official and black market rates persists, signalling ongoing tension in forex supply amidst speculative demand. While the Central Bank attempts to manage stability, the parallel market reflects the challenges ordinary Nigerians face.
Interested in a weekly trend or deeper insights into what’s driving these movements? I’d be happy to provide them.
