Dollar to Naira exchange rate today, October 17, 2025

The naira traded successful the mid-₦1,400s connected authoritative Nigerian Foreign Exchange Market (NFEM) platforms connected Friday portion the parallel (black) marketplace continued to terms the dollar notably higher, astir ₦1,480–₦1,500 to the dollar, keeping the premium betwixt authoritative and thoroughfare windows adjacent ₦25–₦40.

Key rates

NFEM (official VWAP / CBN-derived rate): ₦1,470–₦1,475 per $1. This is the volume-weighted mean utilized arsenic the authoritative regular NFEM rate.

Central Bank / interbank listings (recent notation levels): ₦1,460–₦1,475 per $1. (Historic regular CBN/exchange tables amusement mid-₦1,400s levels done mid-October).

Parallel / achromatic marketplace (Aboki / Abokifx / crowd-sourced trackers): ₦1,480–₦1,500 per $1.

What moved the naira this week

Dealers and marketplace commentators accidental the spread persists due to the fact that authoritative windows proceed to person constrained dollar supplies adjacent arsenic request from importers and portfolio flows fluctuate. Foreign investors offloading section assets and constricted cardinal slope dollar provisioning were highlighted arsenic near-term pressures successful marketplace reports.

Market interaction — what it means

Importers & corporates: Higher parallel rates assistance outgo pressures erstwhile dollars are sourced extracurricular authoritative windows.

Remittances: Recipients relying connected informal channels whitethorn spot amended conversion connected the parallel marketplace but greater volatility.

Consumers: The dispersed keeps upward unit connected prices of dollar-priced goods and services.

The station Dollar to Naira speech complaint today, October 17, 2025 appeared archetypal connected Vanguard News.