BREAKING: New Naira Rate Emerges, See Dollar to Naira Exchange Today

As Nigeria celebrates the 65th anniversary of its independence, President Bola Tinubu delivered an optimistic speech, highlighting that the painful memories of the past are now behind the nation.

He outlined twelve transformative economic policies that are beginning to take shape under his leadership, signaling a bold new direction for the country’s future.

Meanwhile, the Naira remains caught in a tumultuous state within the foreign exchange market, facing persistent fluctuations. The U.S. dollar continues to command a robust demand, creating ripples across Nigeria’s bustling commercial hubs and reflecting the ongoing challenges in stabilizing the national currency.

On Wednesday, October 1st, 2025, the Dollar to Naira exchange rate in the black market opened at ₦1,480 per dollar for buying and ₦1,490 per dollar for selling.

This reflects a marginal appreciation compared to recent sessions, as traders report improved dollar liquidity in parts of Lagos and Abuja. However, the persistent gap between official and parallel market rates remains a concern for businesses and households.

PREVENTING THE HOUSE FROM FALLING: Ten Key Economic Achievements of the Tinubu Administration, By Keem Abdul

How Much is Dollar to Naira Today in Black Market
As of today, the Dollar to Naira black market rate stands at:

Buying Rate: ₦1,480 per $1

Selling Rate: ₦1,490 per $1

These figures represent the rates quoted by parallel market operators, which serve as the main access point for many Nigerians seeking foreign currency.

Despite CBN interventions, the black market continues to dominate real-time pricing due to limited access at official windows. For official figures, refer to the Central Bank of Nigeria (CBN).

Dollar to Naira Exchange Rate: Official vs Black Market
Black Market Rate: ₦1,480 / ₦1,490

Official Rate (CBN): See the CBN website for updated official rates.

Market Tracking Platforms: Investors King and Aboki Forex provide daily real-time updates on the Dollar to Naira exchange rate.

The disparity highlights the ongoing liquidity challenges in Nigeria’s forex market, as demand continues to outpace available supply at the official window.

Investors King

PREVENTING THE HOUSE FROM FALLING: Ten Key Economic Achievements of the Tinubu Administration, By Keem Abdul