Dollar To Naira Exchange Rate Today, October 13, 2025

EDITOR’S PICKS 

• Edo PDP Crisis Deepens as Wike’s Camp Elects New Executives
• 2027: ‘Atiku, Obi No Match’ – Oshiomhole Predicts Tinubu’s Victory
• Dr. Alausa, Sabi Abdullahi Unveil New Agricultural Curriculum to Tackle Food Crisis

EKO HOT BLOG reports that at the Lagos Parallel Market (commonly known as the black market), traders are buying the dollar at ₦1,490 and selling at ₦1,510, according to Bureau De Change (BDC) sources.

However, the Central Bank of Nigeria (CBN) maintains that the parallel market is not an official channel for forex transactions. The apex bank advises individuals and businesses seeking foreign exchange to conduct transactions through authorized financial institutions for transparency and security.

Dollar to Naira Exchange Rates

It is important to note that forex rates can vary depending on location, volume of transaction, and market demand. The rates quoted here represent averages reported by traders across major cities including Lagos, Abuja, and Kano.

Analysts say the naira continues to face pressure from increased dollar demand for imports and business travel, despite government efforts to stabilize the exchange rate through fiscal and monetary adjustments.

With Nigeria’s foreign reserves showing marginal recovery, the CBN is expected to sustain its policy reforms aimed at improving dollar liquidity and investor confidence.

FURTHER READING

• World Teachers’ Day: Dr. Alausa Calls for Teamwork Among Nigerian Teachers
• Jandor Warns Jonathan Against 2027 Presidential Bid, Says Tinubu Unbeatable
• ‎Snowstorm Traps Nearly 1,000 on Mount Everest Eastern Slopes