Dollar to Naira exchange rate today, October 14, 2025

The naira traded somewhat weaker connected Tuesday crossed Nigeria’s FX markets, with authoritative (NFEM/CBN) quotes hovering successful the mid-₦1,400s portion parallel/black-market dealers continued to punctuation the dollar adjacent the ₦1,490–₦1,505 range.

Key rates:

NFEM / authoritative market: astir ₦1,460–₦1,466 to $1

Central Bank of Nigeria (CBN) published/reference figures stay successful the precocious ₦1,400s set utilized by banks and authorised participants.

Parallel (black) marketplace / AbokiFX reported quotes astir ₦1,490 to ₦1,505 to $1 depending connected metropolis and seller.

What happened today

Market information and FX trackers amusement the authoritative (NFEM/CBN-linked) speech complaint traded successful the mid-₦1,400s connected October 14, reflecting lone tiny day-to-day question successful the ceremonial market. TradingEconomics’ intraday provender recorded a USD/NGN people astir ₦1,461.36 for the day.

By contrast, rates connected the parallel marketplace — wherever overmuch retail USD request is settled — remained noticeably higher, with respective crowd-sourced and market-monitoring services reporting merchantability quotes betwixt ₦1,490 and ₦1,505. That premium betwixt the authoritative and parallel marketplace continues to bespeak persistent retail demand, constricted dollar availability astatine the thoroughfare level, and ongoing micro-arbitrage betwixt channels.

Why the dispersed remains

Analysts accidental the spread betwixt the authoritative and parallel markets is driven by a operation of constrained FX inflows, beardown import and remittance request astatine the retail level, and the lag betwixt cardinal slope liquidity operations and existent dollar availability to bureau de alteration operators and individuals. The CBN’s published notation rates stay an anchor for banks and corporates, but parallel markets terms real-time retail demand.

What to ticker next

CBN actions: Any further forex income to authorised BDCs oregon adjustments to argumentation windows could constrictive oregon widen the premium.

Oil receipts & inflows: Dollar inflows from lipid receipts oregon sovereign receipts typically easiness unit connected the naira; weaker inflows tin support the premium elevated.

Market liquidity: Real-time liquidity successful the NFEM and the level of quoting by bureau de alteration operators volition find short-term direction.

How this affects Nigerians

Consumers and businesses babelike connected currency dollars (importers, travellers, and remittance recipients) proceed to look higher conversion costs connected the parallel market, portion corporates with entree to authoritative channels settee person to the CBN/NFEM notation levels. Those readying overseas payments should cheque some authoritative slope quotes and parallel rates earlier transacting.

The station Dollar to Naira speech complaint today, October 14, 2025 appeared archetypal connected Vanguard News.