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Dollar to Naira Rate for October 26, 2025 – Official.
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Black market rate climbs slightly, hitting around ₦1,495 per dollar.
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Analysts attribute the stability to CBN measures and limited FX demand.
The Nigerian naira remains steady against the US dollar as of Sunday, October 26, 2025. According to recent data, the official market rate sits around ₦1,462–₦1,470 per $1.
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EKO HOT BLOG reports that the parallel (black-market) rate stands higher, with reports placing it near ₦1,480–₦1,495 per $1.
Here is a summary table of today’s rates:
| Market Type | Rate per US$1 | Notes |
|---|---|---|
| Official/Interbank | ~ ₦1,462–₦1,470 | Based on recent mid-October official data |
| Parallel/Black Market | ~ ₦1,480–₦1,495 | Based on Aboki/black-market trackers |
Why the rate remains relatively stable
Despite external pressures, the naira has shown relative calm in recent weeks thanks to improved foreign-reserve inflows and regulatory interventions from the Central Bank of Nigeria. Analysts note that the narrow spread between official and parallel rates reflects tighter foreign-exchange (FX) supply and moderate dollar demand.
What this means for consumers and businesses
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For importers and businesses sourcing dollars officially, the rate near ₦1,462–₦1,470 offers a predictable benchmark.
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Individuals and small businesses relying on the parallel market face elevated costs due to the premium spread (~₦20-30 difference).
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Travel budgets, international education fees, and dollar-denominated obligations remain sensitive to fluctuations in the parallel market.
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