Dollar to Naira exchange rate today — September 30, 2025

The Nigerian naira strengthened somewhat successful the parallel marketplace connected Tuesday, closing astatine ₦1,500 per US dollar, an appreciation from the ₦1,510 recorded implicit the weekend.

The summation reflects renewed enactment among dealers and humble improvements successful overseas speech liquidity.

At the Nigerian Foreign Exchange Market (NFEM), however, the currency experienced mild depreciation, settling astatine ₦1,480.15 per dollar, down by 15 kobo compared to past week’s rate. The improvement narrowed the spread betwixt some markets to ₦19.85, a important simplification from astir ₦30 implicit the weekend.

The naira besides posted mixed performances against different large currencies. In the parallel market, the pound sterling traded astir ₦2,080, portion the euro hovered adjacent ₦1,670. Official rates successful the NFEM placed the lb astatine ₦2,035.40 and the euro astatine ₦1,622.48.

Analysts property the naira’s flimsy betterment successful the thoroughfare marketplace to accrued proviso from autarkic sources and seasonal dollar inflows. However, persistent request pressures remain, arsenic businesses and individuals proceed to trust connected the parallel marketplace to conscionable obligations specified arsenic imports, tuition payments, and overseas travel.

The authoritative window, regulated by the Central Bank of Nigeria (CBN), remains comparatively stable, supported by interventions and managed inflows. Yet, the narrowing spread betwixt authoritative and parallel marketplace rates suggests that caller reforms whitethorn beryllium helping to align Nigeria’s overseas speech scenery much closely.

Looking ahead, traders expect the naira to commercialized wrong the ₦1,495 to ₦1,505 range successful the parallel market, provided dollar proviso remains steady. The CBN is besides expected to proceed with targeted interventions aimed astatine reducing volatility and stabilising the speech rate.

While short-term gains are encouraging, analysts caution that sustainable naira stableness volition beryllium connected semipermanent measures specified arsenic boosting non-oil exports, attracting overseas investment, and deepening FX marketplace liquidity.

The station Dollar to Naira speech complaint contiguous — September 30, 2025 appeared archetypal connected Vanguard News.