- Dollar to Naira Exchange Rate Today October 4, 2025
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Official rate hovers near ₦1,488 per dollar.
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The gap between parallel and official markets continues to reflect liquidity and demand pressures
Below are today’s prevailing rates in Nigeria’s black (parallel) market and in official channels. Rates in the parallel market are often higher than official ones.
| Market Type | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market (Aboki FX) | ₦1,475 | ₦1,490 |
| CBN / Official (NFEM-based) | ₦1,488 (approx) | — |
Note: The CBN’s official rate is drawn from weighted average in the Nigeria Foreign Exchange Market (NFEM).
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EKO HOT BLOG reports that in the parallel market, dealers are buying one U.S. dollar at around ₦1,475 and selling at ₦1,490. According to NairaToday, that is the prevailing Aboki FX range.
Meanwhile, in the official forex window, the naira continues to trade at approximately ₦1,488 per dollar, in line with recent data from foreign exchange trackers.
What This Means & Caveats
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Parallel vs official gap persists: The black market remains significantly more expensive than official channels, reflecting shortages, premium demand, and regulatory constraints.
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Transactions may differ: What you see in headlines may not match what dealers quote to you—they may adjust by time, volume, and your location.
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CBN does not acknowledge black market: The Central Bank of Nigeria officially discourages use of parallel markets, urging people to transact through regulated banks.
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Macro signals: A relatively stronger naira at the official window may indicate improved liquidity or central bank intervention, but widespread benefit depends on how this filters down to prices of goods and services.
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