Dollar to Naira exchange rate today, October 18, 2025

The authoritative regular Nigerian Foreign Exchange Market (NFEM) complaint — the Central Bank-derived volume-weighted mean utilized arsenic the market’s benchmark — was reported astatine astir ₦1,471.03 to the dollar connected October 18. That level is accordant with the mid-₦1,400s trading that has characterised authoritative liquidity this week.

On the parallel (street) market, online trackers and marketplace roundups amusement dealers quoting astir ₦1,500 per dollar for sellers and astir ₦1,480 for buyers — a persistent premium to the authoritative model caused by tighter dollar availability for retail customers.

Why the naira is nether pressure

Market participants constituent to 2 main drivers:

1. Tight dollar proviso and capitalist flows. Traders and analysts accidental constrained dollar liquidity from authoritative channels and overseas portfolio outflows person widened the spread betwixt authoritative and parallel rates. Reuters reported anemic dollar proviso from the cardinal slope and overseas investors selling section assets arsenic cardinal near-term pressures.

2. Persistent premium successful the thoroughfare market. Consumer request for currency dollars and unmet retail request continues to prolong the black-market premium, keeping the parallel complaint materially supra the NFEM average. Live black-market trackers continued to amusement quotes adjacent ₦1,500 today.

Market absorption and context

Analysts accidental the dispersed betwixt the authoritative NFEM complaint and thoroughfare complaint reflects remaining frictions successful the FX organisation concatenation — adjacent arsenic the CBN and authorised dealers effort to negociate volatility via interventions and the I&E windows.

Over the past week the dollar-naira traded betwixt astir ₦1,468 and ₦1,495 connected antithetic venues, showing short-term volatility but nary decisive stabilisation.

What this means for Nigerians

Importers and businesses: Expect continued outgo unit connected imported goods priced successful dollars arsenic the effectual retail dollar (parallel rate) remains higher than the authoritative NFEM benchmark.

Remitters and travellers: Those converting currency oregon utilizing informal channels volition apt spot rates adjacent the ₦1,480–₦1,500 level; slope transfers done authoritative channels should usage the NFEM/I&E rates but availability tin vary.

The station Dollar to Naira speech complaint today, October 18, 2025 appeared archetypal connected Vanguard News.