Dollar to Naira Rate for Tuesday, August 12, 2025 . Slight gain from early August’s ₦1,530.45 average rate. Analysts link improvement to CBN intervention and increased dollar inflows.
The Nigerian naira recorded a slight gain against the United States dollar today, trading at ₦1,509.03 per $1, according to figures from the official foreign exchange market.
This comes as traders and analysts continue to monitor policy measures by the Central Bank of Nigeria (CBN) aimed at stabilising the local currency.
| Period | USD to NGN Rate |
|---|---|
| Today (Aug 12, 2025) | ₦1,509.03 |
| Early August Average | ₦1,530.45 |
The current rate marks a modest improvement from early August, when the naira traded at an average of ₦1,530.45. Market watchers attribute the movement to a combination of increased dollar inflows from exporters, tighter CBN interventions in the FX market, and reduced speculative activity.
At the parallel market, however, the exchange rate remains higher, with reports indicating prices above ₦1,520 per dollar in some trading hubs. This gap between official and street market rates continues to pose challenges for businesses that rely on foreign exchange for imports.
Economic analysts warn that sustaining the naira’s recent gains will require consistent monetary policy actions, improved foreign reserves, and a boost in local production to reduce dependency on imports. They also note that global oil prices, Nigeria’s primary source of foreign earnings, will remain a key factor in currency stability.
The CBN has repeatedly urged Nigerians to rely on official market sources, warning against speculative trading, which it says puts unnecessary pressure on the naira.
Dollar to Naira Rate for Tuesday, August 12, 2025
The Nigerian naira recorded a slight gain against the United States dollar today, trading at ₦1,509.03 per $1, according to figures from the official foreign exchange market. This comes as traders and analysts continue to monitor policy measures by the Central Bank of Nigeria (CBN) aimed at stabilising the local currency.
| Period | USD to NGN Rate |
|---|---|
| Today (Aug 12, 2025) | ₦1,509.03 |
| Early August Average | ₦1,530.45 |
The current rate marks a modest improvement from early August, when the naira traded at an average of ₦1,530.45. Market watchers attribute the movement to a combination of increased dollar inflows from exporters, tighter CBN interventions in the FX market, and reduced speculative activity.
At the parallel market, however, the exchange rate remains higher, with reports indicating prices above ₦1,520 per dollar in some trading hubs. This gap between official and street market rates continues to pose challenges for businesses that rely on foreign exchange for imports.
Economic analysts warn that sustaining the naira’s recent gains will require consistent monetary policy actions, improved foreign reserves, and a boost in local production to reduce dependency on imports. They also note that global oil prices, Nigeria’s primary source of foreign earnings, will remain a key factor in currency stability.
The CBN has repeatedly urged Nigerians to rely on official market sources, warning against speculative trading, which it says puts unnecessary pressure on the naira.
