Dollar to Naira exchange rate today, October 10, 2025

Official marketplace rates (NFEM/CBN) are trading successful the precocious ₦1,400s to astir ₦1,470 portion the parallel marketplace prices stay higher, adjacent ₦1,500+ arsenic of October 10, 2025.

What changed?

The CBN/NFEM authoritative bid — the complaint derived from the Nigerian Foreign Exchange Market (NFEM) — is showing small nett alteration day-to-day but remains materially little than parallel marketplace quotes, with the CBN’s regular show showing ₦1,470.6 arsenic its published reference. Traders proceed to usage the NFEM fig arsenic the authoritative benchmark for galore transactions.

The parallel marketplace remains much volatile and priced astir ₦30–₦50 supra the NFEM/CBE fig today; immoderate black-market screens reported buy/sell prices clustering adjacent ₦1,480/₦1,500 and successful pockets up to ₦1,515 depending connected metropolis and liquidity.

Why the spread persists

1. Policy and liquidity: The Central Bank’s argumentation moves and liquidity absorption — including the caller interest-rate determination rhythm earlier this autumn — power authoritative marketplace conditions and banks’ entree to FX. Market participants proceed to terms successful differences betwixt the authoritative NFEM model and on-street liquidity.

2. Demand successful the parallel market: Retail and small-value dollar demand, delays successful dollar proviso to informal channels, and hazard premia propulsion Aboki/parallel rates supra the NFEM. AbokiFX and section trackers amusement the parallel marketplace reacting faster to intraday flows.

What to ticker next

CBN liquidity operations & FX auctions: Any statements oregon further interventions by the CBN to proviso FX to the marketplace could constrictive the gap. Watch CBN bulletins and FMDQ/NFEM notices.

Oil terms and inflows: Changes successful crude receipts, sovereign oregon outer indebtedness flows, and FX inflows from exporters tin displacement some authoritative and parallel markets.

The station Dollar to Naira speech complaint today, October 10, 2025 appeared archetypal connected Vanguard News.