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Naira Appreciates Again As New Rate Emerges Today

Published

2 months ago

The naira recorded a negative trading performance during the week as the naira weakened by 0.99 per cent at the official Nigerian Foreign Exchange Market to 1,456.72/$ as of Friday, from 1,442.43/$ in the previous week. At the parallel market, the currency traded weaker within the range of 1,470/$ and 1,475/$, according to the PUNCH.

Nigerians have much to look forward to as the year comes to a close, with promising permutations and policies working to stabilize the country’s currency.

The Dollar to Naira black market exchange rate is under pressure, but the continuing efforts to manage limited forex supply are set to enhance stability in Nigeria’s parallel market. Click link to contiune reading.

On Monday, September 29th, 2025, the U.S. dollar traded at ₦1,490 per $1 for buying and ₦1,500 per $1 for selling, according to reports from traders and data monitored by Investors King.

How Much is Dollar to Naira Today in Black Market?
As of Monday, September 29th, 2025, the exchange rates in the parallel market are as follows:

Dollars to Naira Exchange Rate Today
Buying Rate ₦1,490
Selling Rate ₦1,500

Dollar to Naira: Black Market vs Official CBN Rate
The disparity between the black market rate and the official rate provided by the Central Bank of Nigeria (CBN) persists, reflecting deep challenges in Nigeria’s foreign exchange system.

The CBN maintains a lower official rate, but access remains highly restricted, forcing businesses, students, and households to rely on the black market.

(Source: Investors King)