Dollar to Naira exchange rate today, October 3, 2025

The Nigerian naira continued to amusement signs of stableness connected Friday, October 3, 2025, trading firmer successful the authoritative Nigerian Foreign Exchange Market (NFEM) portion holding dependable successful the parallel (black) market.

Key rates

NFEM (official, volume-weighted): ₦1,455 per US dollar, according to information published for the Nigerian overseas speech market.

Parallel/black marketplace rates were quoted astatine astir ₦1,460–₦1,470 per US dollar, with respective thoroughfare and BDC trackers signaling a selling terms of astir ₦1,460.

Market participants said the authoritative market’s firmness reflects improved FX liquidity and continued foreign-exchange inflows successful caller weeks, a inclination that has helped constrictive the spread betwixt the NFEM terms and parallel marketplace quotes. Analysts besides pointed to broader macro moves — notably the Central Bank of Nigeria’s caller easing of argumentation — arsenic providing enactment for the naira.

News wires and speech aggregators amusement tiny variations betwixt information providers (for example, immoderate commercialized feeds enactment the USD/NGN nearer ₦1,470 connected the day), underscoring insignificant intraday differences betwixt platforms and the parallel market. Traders accidental specified spreads are mean arsenic volumes and counterparties disagree crossed the authoritative EFEMS/NAFEM level and informal channels.

Why it matters

The narrowing spread betwixt authoritative and parallel rates is being watched intimately by importers, exporters and overseas investors. A firmer naira astatine the NFEM reduces the outgo of servicing overseas obligations for businesses that entree the authoritative market, portion little volatility successful the achromatic marketplace eases short-term currency absorption for households and tiny traders.

Outlook

Economists accidental the naira’s near-term trajectory volition hinge connected continued overseas inflows, crude lipid receipts, and whether the Central Bank (and government) prolong argumentation and liquidity measures that promote FX marketplace depth. With header ostentation easing and the CBN trimming its argumentation complaint recently, markets are apt to stay delicate to immoderate caller information connected reserves, inflows oregon argumentation shifts.

The station Dollar to Naira speech complaint today, October 3, 2025 appeared archetypal connected Vanguard News.