Dollar to Naira Exchange Rate — October 21, 2025!

Reported by David Joshua | Sele Media Africa | www.selemedia.org

As of Tuesday, October 21, 2025, the Nigerian naira continued to trade within the mid‑₦1,400s against the U.S. dollar, reflecting ongoing pressures in the foreign exchange market.

• The official/volume‑weighted average rate stood around ₦1,467‑₦1,475 to US$1. [1]
• In the parallel (black) market, exchange bureaus quoted the dollar at approximately ₦1,480 for buying and ₦1,490 for selling. [2]

Analysts note that despite modest stabilisation, the gap between official and black‑market rates persists due to constrained dollar supply, sustained import demand, and structural foreign‑exchange bottlenecks. [1]

Implications:

• Businesses reliant on dollar‑based imports remain vulnerable to exchange‑rate risk and higher costs.
• For individuals and households, the wide gulf between official and street rates means that spending power varies significantly depending on the source of funds.
• Policymakers face continued pressure to deepen FX market reforms and ensure more consistent dollar availability to reduce reliance on informal channels.

Citations:

1. Vanguard News: www.vanguardngr.com/2025/10/dollar-to-naira-exchange-rate-today-october-20-2025/?utm_source=chatgpt.com
2. Investors King: investorsking.com/2025/10/20/dollar-to-naira-black-market-exchange-rate-today-monday-october-20th-2025/amp/?utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Managing Editor of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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