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Dollar To Naira Exchange Rate Today, 29 September 2025.
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CBN official rate stands at ₦1,488 per dollar.
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Importers and inflation pressure naira stability.
The exchange rate between the United States dollar and the Nigerian naira has continued to reflect the pressure in the foreign exchange market. On Monday, 29 September 2025, the dollar traded at different rates across the official and parallel markets.
At the official market, the Central Bank of Nigeria (CBN) recorded an average exchange rate of ₦1,488 per $1. Meanwhile, in the parallel (black) market, dealers bought the dollar at ₦1,500 and sold as high as ₦1,515 per $1.
Dollar to Naira Exchange Rate Table (29 September 2025)
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Official (CBN) | ₦1,488 | ₦1,488 |
| Black Market | ₦1,500 | ₦1,515 |
The widening gap between the official and black-market rates has fueled concerns among businesses and consumers. Importers continue to rely heavily on the parallel market to access foreign exchange, pushing prices of essential goods higher.
Economic analysts warn that the persistent depreciation of the naira could further worsen inflation, already affecting household purchasing power. The Central Bank has maintained that it will keep engaging measures to stabilise the market, but limited reserves and growing demand remain major challenges.
