Dollar To Naira Exchange Rate October 2, 2025

<h4>Dollar To Naira Exchange Rate<&sol;h4>&NewLine;<h4><&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that the Nigerian naira held a broadly fragile tone on Thursday&comma; trading with a modest gap between the official Nigerian Foreign Exchange Market &lpar;NFEM&rpar; and the parallel market as market participants weighed improved dollar flows against persistent demand pressures&period;<&sol;p>&NewLine;<p><strong>Key rates &lpar;today&rpar;&colon;<&sol;strong><&sol;p>&NewLine;<p><em>• NFEM &lpar;official&rpar;&colon; ₦1&comma;483 per US&dollar;1&period;<&sol;em><br &sol;>&NewLine;<em>• Parallel market&colon; ₦1&comma;490 per US&dollar;1&period;<&sol;em><&sol;p>&NewLine;<p>The official NFEM rate – the volume-weighted figure derived from interbank trading and published by authorities – showed the naira trading around ₦1&comma;483 to the dollar on Thursday&comma; a small move from levels seen in the immediate prior session&period; Traders say the official window remains sensitive to CBN liquidity operations and order flows on the electronic matching system&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;22004" aria-describedby&equals;"caption-attachment-22004" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-22004" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2023&sol;08&sol;Central-Bank-of-Nigeria-CBN-300x167&period;webp" alt&equals;"Dollar To Naira Exchange Rate October 2&comma; 2025" width&equals;"300" height&equals;"167" &sol;><figcaption id&equals;"caption-attachment-22004" class&equals;"wp-caption-text"><em><strong>CBN Headquarters in Abuja<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>In the parallel market&comma; market-aggregators put the naira at roughly ₦1&comma;490 to the <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">dollar<&sol;a>&comma; leaving a spread of about ₦7 between the two windows&period; That spread is materially smaller than the double-digit differentials seen during earlier bouts of market stress&comma; and points to a partial convergence between the formal and informal segments — though the parallel market continues to serve customers who cannot access the formal window&period;<&sol;p>&NewLine;<p>Market analysts attributed today’s relative calm to a mix of modest foreign currency inflows &lpar;including diaspora remittances and import receipts&rpar; and <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">CBN<&sol;a> interventions that have helped cap sharp intraday swings&period;<&sol;p>&NewLine;<p>Global currency moves also played a role&colon; the <strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">US dollar<&sol;a><&sol;strong> was broadly steady in international trade on Thursday after recent volatility in global markets&period;<&sol;p>&NewLine;<p><strong>What traders are saying&colon;<&sol;strong><&sol;p>&NewLine;<p>Dealers contacted by business desks said demand from importers&comma; students and travellers remains the dominant driver of volumes in the parallel market&comma; even as banks and authorised dealers manage most corporate flows through <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">NFEM<&sol;a>&period; Several analysts warned that the convergence is fragile and will require sustained inflows&comma; deeper FX liquidity and clearer policy signals for the naira to stabilise sustainably&period;<&sol;p>&NewLine;<p><strong>Outlook&colon;<&sol;strong><&sol;p>&NewLine;<p>Short-term forecasts from market commentators expect the dollar to trade in a narrow band around ₦1&comma;480–₦1&comma;495 in the official window and ₦1&comma;485–₦1&comma;500 in the parallel market over the coming days — contingent on steady dollar supply and no abrupt change in demand&period;<&sol;p>&NewLine;<p>Policymakers’ ability to continue measured interventions and to deepen FX market liquidity will be key to keeping volatility in check&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;21390" aria-describedby&equals;"caption-attachment-21390" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-21390" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2023&sol;07&sol;Nigerians-struggling-for-a-living-in-the-market-300x139&period;jpg" alt&equals;"Dollar To Naira Exchange Rate October 2&comma; 2025" width&equals;"300" height&equals;"139" &sol;><figcaption id&equals;"caption-attachment-21390" class&equals;"wp-caption-text"><em><strong>Commercial activities in Lagos&comma; the economic hub of Nigeria<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;