Dollar to Naira exchange rate today — October 1, 2025

The Nigerian naira posted flimsy mixed performances connected Wednesday, with humble gains successful the parallel (street) marketplace and mild weakness successful the authoritative overseas speech window.

In the parallel market, the naira strengthened a bit, closing astatine ₦1,500 per US dollar, up from ₦1,505 traded earlier successful the week.

This reflects renewed enactment among autarkic dealers and somewhat improved dollar supply.

At the Nigerian Foreign Exchange Market (NFEM), the naira experienced a mild depreciation, finishing astatine ₦1,478 per US dollar, down from ₦1,480.15 connected the anterior day.

As a result, the spread betwixt the parallel and authoritative rates narrowed to astir ₦22, from astir ₦25 earlier.

Against different large currencies:

In the parallel market, the lb sterling traded adjacent ₦2,075, portion the euro exchanged astir ₦1,665.

In the authoritative window, the lb was quoted astatine ₦2,030.50 and the euro astatine ₦1,620.45.

(These movements reflector the signifier of humble divergence betwixt the authoritative and informal segments of the FX market.)

Analysts property the flimsy betterment successful the thoroughfare marketplace to improved dollar inflows from diaspora remittances, autarkic proviso channels, and seasonal commercialized receipts. That said, request pressures stay strong—many corporates, importers, students, and travellers inactive beryllium connected the parallel marketplace to conscionable obligations not afloat serviced by the ceremonial window.

Meanwhile, the authoritative marketplace continues to beryllium cushioned by Central Bank of Nigeria (CBN) interventions, which assistance mean volatility. The narrowing dispersed suggests that caller argumentation tweaks and FX reforms whitethorn beryllium modestly aligning the 2 markets.

Looking ahead, traders expect the dollar to commercialized successful the ₦1,495 to ₦1,505 scope successful the parallel market, assuming unchangeable dollar supply. The CBN is besides expected to support targeted FX interventions aimed astatine reducing crisp swings and improving marketplace confidence.

While the short-term dynamics are encouraging, sustainable stableness of the naira volition beryllium connected structural measures—such arsenic boosting non-oil exports, attracting meaningful overseas nonstop investment, deepening FX marketplace liquidity, and accordant macroeconomic discipline.

The station Dollar to Naira speech complaint contiguous — October 1, 2025 appeared archetypal connected Vanguard News.