Dollar to Naira Exchange Rate Today, October 6, 2025 — Official and Black Market Rates

The Nigerian naira continued to show strength in both the official and parallel foreign exchange markets on Monday, October 6, 2025, as traders reported improved liquidity and a steady inflow of foreign currency into the system.

At the official Nigerian Foreign Exchange Market (NFEM), the naira traded at an average of ₦1,466 per US dollar, maintaining the upward trend recorded in recent sessions. According to market data, the rate represents a volume-weighted average based on interbank transactions, reflecting growing confidence among forex traders and investors.

In the parallel market (black market), tracked by major currency monitoring platforms, the dollar traded around ₦1,450, with most dealers quoting buy/sell rates between ₦1,445 and ₦1,460. This marks a relatively stable performance compared to earlier fluctuations seen at the beginning of the month.

The Naira Is Holding Steady

Traders and market analysts attributed the naira’s current stability to several factors, including:

• Increased foreign exchange supply from non-oil exporters
• Moderate central bank interventions aimed at managing market liquidity
• Reduced speculative trading activity, which had previously fueled sharp volatility

Sources within the financial sector also noted that the Central Bank of Nigeria (CBN) has been fine-tuning its forex management policies to narrow the gap between the official and parallel market rates — a move that appears to be yielding positive results.

Analysts’ Outlook

While the current rate movement indicates improved confidence, analysts caution that the naira remains sensitive to external shocks such as changes in global oil prices and foreign capital inflows. Any disruptions in these areas could trigger renewed pressure on the local currency.

Financial experts further advised businesses and individuals engaging in forex trading or dollar transactions to stay updated with daily market rates, as exchange rate fluctuations directly impact import costs, inflation, and investment decisions.

Current Dollar to Naira Rates (October 6, 2025)

• Official CBN Rate: ₦1,465 – ₦1,466 per $1
• Black Market (AbokiFX) Buy Rate: ₦1,445 per $1
• Black Market (AbokiFX) Sell Rate: ₦1,460 per $1

The naira’s recent resilience has offered relief to importers and businesses that rely heavily on the dollar. However, market watchers emphasize that long-term currency stability will depend on Nigeria’s ability to boost exports, attract more foreign investments, and maintain effective monetary policies.

For individuals monitoring forex trends, keeping track of the CBN dollar rate, parallel market rate, and bank transfer rates can help make better financial and business decisions in this volatile market environment.