Dollar To Naira Exchange Rate Today, Monday, 6th October 2025

Dollar To Naira Exchange Rate Today, 6th October 2025.
CBN official rate remains between ₦1,446 and ₦1,472.
Experts urge reforms to stabilize Nigeria’s foreign exchange.

The black market exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) opened today, Monday, October 6, 2025, with slight market fluctuations as demand for foreign currency continues to outpace supply in Nigeria’s parallel market.

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EKO HOT BLOG reports that according to information obtained from Bureau De Change (BDC) operators in Lagos and Abuja, the dollar is being sold at ₦1,500 and bought at ₦1,475, maintaining the same rate recorded on Sunday, October 5, 2025.

Market experts say the naira’s performance this week will depend largely on inflows from oil revenue, remittances, and the Central Bank of Nigeria’s (CBN) interventions in the official market.

Despite the steady rates, traders continue to express concerns over Nigeria’s foreign exchange volatility, which has affected importers and the general price stability of goods and services.

Below is a summary of today’s black market and CBN rates:

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Selling Rate	₦1,500
Buying Rate	₦1,475

Dollar to Naira (USD to NGN)	CBN Rate Today
Highest Rate	₦1,472
Lowest Rate	₦1,446

The Central Bank of Nigeria continues to emphasize that it does not recognize the black market as an official trading platform. Nigerians seeking foreign exchange are advised to conduct their transactions through licensed banks and authorized dealers.

Experts have urged the federal government to sustain reforms in the FX market to ensure liquidity, transparency, and fair access, which would ultimately stabilize the naira and ease the burden on small businesses and importers.