Dollar to Naira Exchange Rate Today, 28 September 2025

• Dollar to Naira Exchange Rate Today, 28 September 2025.

• Demand pressure keeps naira weak as FX inflows remain limited.

• Rising exchange gap threatens inflation and business stability nationwide.

The naira continued to face pressure against the United States dollar on Sunday, with figures showing a wide gap between official and black market rates.

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EKO HOT BLOG reports that according to data from Wise, the mid-market rate stood at ₦1,493.99 per dollar as of Sunday morning. However, checks in the parallel market showed that traders were selling between ₦1,500 and ₦1,515 per dollar, reflecting stronger demand from importers and individuals.

Analysts note that the disparity between the two markets highlights persistent challenges in Nigeria’s foreign exchange system, where limited dollar inflows continue to affect stability. The pressure is also linked to rising demand for foreign currency to service external debt and meet import needs.

The sustained depreciation has raised concerns about its impact on inflation and the cost of living, as businesses dependent on imported goods are forced to adjust prices in response to higher exchange costs.

The Central Bank of Nigeria has yet to announce new measures to strengthen the naira, but financial experts insist that bridging the gap between official and black market rates will be critical to restoring confidence.

Exchange Rate Table