Dollar to Naira exchange rate today, October 19, 2025

The naira traded successful the mid-₦1,400s connected the authoritative Nigerian Foreign Exchange Market (NFEM) connected Sunday, portion parallel/black-market dealers quoted the dollar adjacent ₦1,480–₦1,500.

The spread betwixt the authoritative NFEM fixing and the thoroughfare complaint remains wide, keeping unit connected importers, tiny businesses and travellers.

Key rates

NFEM (official, volume-weighted average): Trading successful the mid-₦1,400s (official NFEM/CBN bid shows the marketplace hovering astir this set successful caller sessions).
Parallel / achromatic marketplace (street): ₦1,485–₦1,500 to $1

What happened today

The authoritative NFEM fixing has held successful the mid-₦1,400s aft a play of volatility this month, portion the parallel marketplace remains markedly weaker — a reflection of lingering dollar scarcity for definite transactions and a continued premium for immediacy extracurricular authorised windows. Global and home factors, positive intermittent cardinal slope intervention, are keeping the naira’s trading scope wide.

Why the 2 rates diverge

Supply mismatch: Banks and authorised FX windows root dollars otherwise from thoroughfare dealers; constricted supplies successful immoderate authoritative channels propulsion immoderate buyers to the parallel market.

Market segmentation: NFEM is simply a volume-weighted authoritative fixing (used by galore institutions), portion the achromatic marketplace responds instantly to currency request and sentiment, creating a persistent spread.

What it means for Nigerians

Importers look higher landed costs erstwhile they indispensable root dollars rapidly connected the parallel market.
Consumers whitethorn spot imported goods’ prices pressured if businesses walk connected higher FX costs.
Remittance recipients and travellers should comparison authoritative slope rates and currency thoroughfare quotes — authoritative windows tin beryllium cheaper, but entree and timing matter.

Short outlook

Analysts expect continued range-bound trading successful the adjacent term, with spikes imaginable erstwhile dollar request for imports oregon capitalist flows change. The CBN’s actions (such arsenic targeted income oregon tweaks to policy) and outer flows volition find whether the dispersed narrows.

The station Dollar to Naira speech complaint today, October 19, 2025 appeared archetypal connected Vanguard News.