Black Market Dollar to Naira Exchange Rate Today – October 1st 2025

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The start of October 2025 has brought noticeable movement in Nigeria’s foreign exchange market, with the Naira trading at elevated levels against the US Dollar in the parallel market. These shifts continue to influence business decisions and everyday transactions across the country.

Black Market (Aboki FX) Latest Update

Information gathered from Bureau De Change (BDC) operators in Lagos shows that the Dollar is currently exchanging at higher rates compared to previous sessions.

A reorganized presentation of the figures indicates:

₦1510 per dollar as the selling price
₦1490 per dollar as the buying rate

These rates reflect ongoing demand pressure within the informal forex market.

Official Window by Central Bank of Nigeria

On the official side, the Central Bank of Nigeria (CBN) maintains a separate exchange framework, with rates positioned slightly below those seen in the parallel market.

Current official figures show:

A peak value of about ₦1480 per dollar
A lower range around ₦1470 per dollar

The apex bank continues to discourage participation in unofficial markets, urging individuals to rely on banking channels for foreign exchange transactions.

Side-by-Side Rate Comparison

For a clearer understanding, here is a differently structured overview:

Parallel Market Rates

Selling → ₦1510
Buying → ₦1490

CBN Official Range

Highest → ₦1480
Lowest → ₦1470

Market Reality and Price Variations

Exchange rates are not fixed and can differ based on several factors, including location, dealer pricing, and urgency of transactions. This means actual rates may slightly vary from those listed.

Gossip News Now reports that fluctuations in the black market are largely driven by demand-supply imbalances and limited access to official forex channels.

Analysis: Early October Trend Signals Pressure

The higher opening rates for October suggest continued pressure on the Naira within the parallel market. While the official window remains relatively stable, accessibility challenges still push many users toward informal channels.

Going forward, market watchers will be keen to see whether this upward trend stabilizes or extends further, as forex conditions remain sensitive to economic developments.