- Dollar To Naira Black Market Rate Today 28th October 2025
- Official rate stands stable at ₦1,460.15 per dollar.
- Naira faces mild pressure amid tight forex liquidity.
The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continued to hover around recent levels in both the official and parallel markets today, October 28, 2025.
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EKO HOT BLOG reports that at the black market (Aboki FX), traders in Lagos and Abuja reported the Dollar exchanging at ₦1,495 for buying and ₦1,505 for selling, showing a slight upward adjustment from the weekend rate.
Meanwhile, data from the Central Bank of Nigeria (CBN) and FMDQ Exchange indicated that the official rate stood at ₦1,460.15/$1, maintaining relative stability compared to previous sessions.
| Market Type | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market (Aboki FX) | 1,495 | 1,505 |
| Official (CBN/FMDQ) | 1,460.15 | 1,461.00 |
The minimal difference between the two markets highlights continuing pressure on the Naira despite ongoing interventions by the CBN to stabilize the currency. Analysts note that limited foreign inflows and rising import demand have sustained volatility across FX windows.
Traders also project that the Naira could face more short-term fluctuations if foreign reserves remain under strain, especially as global oil prices experience renewed instability.
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