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Naira Holds at ₦1,421/$ Officially, ₦1,450 on Parallel Market as FX Pressures Persist

Nigeria’s Naira continues to trade under pressure, with official and parallel market rates showing wide gaps across major currencies. As of today, the Central Bank of Nigeria (CBN) rate for the U.S. dollar stands at ₦1,421.73, while black market traders sell at around ₦1,450. The disparity reflects ongoing foreign exchange shortages and rising demand for hard currency.

95News•11/3/2025

Article

Dollar-to-Naira rate: Official window holds steady, but parallel market remains weak

The naira has traded at around N1,460 per dollar at the official window and N1,470 on the parallel market, its strongest level this year,” said one forex dealer, noting that rising reserves and reduced speculation have helped so far.

95News•10/24/2025