Black Market Naira to Dollar Rate Hovers Around ₦1500 in Early October
On Friday, 3rd October, 2025, the black market exchange rate for a dollar to naira was around ₦1470 for selling and ₦1450 for buying. The Central Bank of Nigeria (CBN) maintains its stance, not recognizing the parallel market and directing individuals to banks for Forex.
While there's no official or black market exchange rate specifically stated for October 4, 2025, recent black market rates from early September 2025 provide insight. During this period, the rate fluctuated between approximately 1 USD = 1,504 to 1,526 NGN. Based on this trend, a close estimate for early October could be around 1 USD = 1,500 to 1,530 NGN on the black market.
As of early October 2025, the black market exchange rate for US Dollar to Nigerian Naira is estimated to be around 1 USD = 1,500 to 1,530 NGN. The CBN continues to advise the public to use official banking channels for Forex transactions.
