- Dollar to Naira Exchange Rate Today, October 14, 2025
- Black market rates stay above ₦1,490 per dollar.
- Analysts urge stronger forex reforms to stabilise the currency.
The naira continued to face pressure against the United States dollar on Monday, maintaining its volatile trend across different market segments. Traders in the parallel market said dollar demand remained high as importers and travelers struggled to access forex through official channels.
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EKO HOT BLOG reports that at the Investors and Exporters (I&E) window, the naira traded between ₦1,460 and ₦1,462 per dollar, according to data from the Central Bank of Nigeria (CBN). However, the black-market rate stayed significantly higher, reflecting ongoing supply shortages and market speculation.
| Market Segment | Buying (₦) | Selling (₦) |
|---|---|---|
| Black Market (BDC/AbokiFX) | 1,490 | 1,500 |
| CBN Official Rate | 1,460 | 1,462 |
| Binance P2P | 1,475 | 1,485 |
The wide disparity between official and unofficial rates shows continued instability in Nigeria’s forex market, as pressure from import demand and speculative activities remains strong. Analysts warn that without increased dollar inflow from exports and foreign investment; the naira could remain under stress in the coming weeks.
Economists have urged the Central Bank to implement more transparent forex allocation policies and support the productive sector to reduce dependence on imports. Meanwhile, local traders and manufacturers continue to lament the impact of exchange rate fluctuations on goods and services.
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