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Dollar to Naira Exchange Rate Today, October 24, 2025.
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The gap between official and street rates reflects weak dollar supply and high demand.
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Market players should expect higher costs for imports and international transactions.
The Nigerian naira continues to trade under pressure amid sustained foreign-exchange demand and relatively constrained dollar supply.
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EKO HOT BLOG reports that on the official market (such as the Central Bank of Nigeria/NFEM window), the US dollar is quoted at approximately ₦1,468 per US$1, while in the parallel (black) market dealers are asking around ₦1,495 per US$1.
Here is a table summarising today’s rates:
| Market window | USD to NGN rate |
|---|---|
| Official (NFEM/CBN) | ~₦1,468 per US$1 |
| Parallel/black market | ~₦1,495 per US$1 |
Despite modest stability on the formal side, the noticeable gap between official and street rates underscores the persistent two-tier nature of Nigeria’s FX market. Importers, businesses and individuals facing dollar payments are still chiefly influenced by the higher parallel market rate. The spread highlights market stress and signals further FX-policy coordination may be required.
For Nigerians remitting funds, travelling, or settling import bills, it is advisable to budget closer to the parallel-market rate. Meanwhile, policymakers will continue to monitor how oil exports, foreign capital inflows and central-bank interventions influence near-term naira performance.
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