Dollar to Naira Exchange Rate Today, October 1, 2025 — Parallel and Official Market Update
The Nigerian naira posted mixed moves on Wednesday, October 1, 2025, with slight gains in the parallel market offset by mild weakness in the official foreign exchange window. Parallel Market (Black Market) ₦1,500/$1 — naira strengthened from ₦1,505/$1 earlier in the week. ₦2,075/£1 — pound sterling rate. ₦1,665/€1 — euro rate. Traders linked the recovery to improved dollar inflows from diaspora remittances, independent supply channels, and seasonal trade receipts. However, demand pressures remain elevated, as corporates, students, and importers still depend heavily on the street market. Official Market (NFEM) ₦1,478/$1 — down slightly from ₦1,480.15 the prior day. ₦2,030.50/£1 — pound sterling rate. ₦1,620.45/€1 — euro rate. The official market remained cushioned by Central Bank of Nigeria (CBN) interventions, helping moderate volatility. Key Takeaway The spread between the official and parallel markets narrowed to ₦22, compared with about ₦25 earlier. […]