Dollar to Naira Exchange Rate for August 8, 2025
The Nigerian naira traded at ₦1,532 to the US dollar on Friday, August 8, 2025, reflecting a marginal stability in the foreign exchange market compared to previous weeks. The rate is based on market estimates and falls within the projected range of ₦1,509 to ₦1,555.
Dollar to Naira Rates – August 8, 2025
| Market Source | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Official CBN Rate | 1,509 | 1,515 |
| Parallel Market | 1,526 | 1,532 |
| FX Market Average | 1,528 | 1,532 |
| Projection Range | 1,509 | 1,555 |
Market watchers note that the current rate continues a pattern of mild fluctuations witnessed over the past two months, with the naira generally holding steady in the ₦1,530–₦1,540 band. This follows a period of more pronounced volatility earlier in the year when the currency traded as high as ₦1,607 in May and as low as ₦1,491 in February.
Analysts attribute the relative stability to a combination of Central Bank interventions, improved dollar liquidity from oil revenue inflows, and tighter monetary controls. However, they caution that persistent inflationary pressures and global economic uncertainties could still trigger exchange rate swings in the coming weeks.
Traders and import-dependent businesses are closely monitoring developments in the FX market ahead of expected policy reviews later this quarter, with hopes that sustained stability will ease import costs and improve market confidence.
