Marian Opeyemi Fasesan
Dollar to Naira Rate Today — October 10, 2025!
Reported by Marian Opeyemi Fasesan | Sele Media Africa
As of October 10, 2025, the exchange rate of the U.S. dollar to the Nigerian naira continues to show a notable divergence between official and parallel markets:
- The official Nigerian Foreign Exchange Market (NFEM / CBN) rate is quoted at ₦1,470.6 per dollar. [1]
- Meanwhile, parallel market rates remain significantly higher, with reports citing quotes between ₦1,480 and ₦1,510 per dollar. [1][2]
Why It Matters
- The persistent gap between the official and black-market rates reflects underlying pressure on Nigeria’s FX reserves and market confidence.
- Businesses and individuals often rely on parallel market rates due to limited access to official FX channels.
Analysts’ Take
Financial experts warn that unless forex supply improves and inflation is tackled, the naira could face further devaluation pressures.
Citations
- Vanguard Nigeria – https://www.vanguardngr.com
- Naira Rates – https://nairametrics.com
- CBN Official Data – https://www.cbn.gov.ng
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