Dollar to Naira Exchange Rate Today, October 2, 2025!
Reported by Marian Opeyemi Fasesan
The Nigerian naira held a broadly fragile tone on Thursday, trading with a modest gap between the official Nigerian Foreign Exchange Market (NFEM) and the parallel market as market participants weighed improved dollar flows against persistent demand pressures.
Market Snapshot & Dynamics
- President Tinubu recently said the naira has “stabilised,” noting that the gap between the official and parallel market rates has narrowed following foreign exchange (FX) reforms and increased remittance inflows. [1]
- In the parallel market, the naira recently strengthened to ₦1,510 per US dollar, indicating some recovery against dollar demand. [2]
- The official rate in the Nigerian Foreign Exchange Market (NFEM) is relatively stable due to central bank interventions, even as demand from importers and travelers pressures liquidity. Key Influencers & Risks
- Persistent demand from importers, FX shortfalls, and speculative activity continue to stress the currency.
- Any decline in oil revenues, external shocks, or tightening global conditions could reverse the soft gains.
- Investors and traders are watching closely for further CBN interventions or policy signals that might support or weaken the naira.
Citations:
- Premium Times Nigeria: www.premiumtimesng.com/business/business-news/825038-naira-has-stabilised-rate-no-longer-determined-by-oil-price-fluctuations-tinubu.html?utm_source=chatgpt.com
- Vanguard News: www.vanguardngr.com/2025/09/naira-appreciates-to-n1510-in-parallel-market/?utm_source=chatgpt.com
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