Dollar to Naira Rate Today — October 10, 2025!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

As of October 10, 2025, the exchange rate of the U.S. dollar to the Nigerian naira continues to show a notable divergence between official and parallel markets:

• The official Nigerian Foreign Exchange Market (NFEM / CBN) rate is quoted at ₦1,470.6 per dollar. [1]
• Meanwhile, parallel market rates remain significantly higher, with reports citing quotes between ₦1,480 and ₦1,510 per dollar. [1][2]

Why It Matters

• The persistent gap between the official and black-market rates reflects underlying pressure on Nigeria’s FX reserves and market confidence.
• Businesses and individuals often rely on parallel market rates due to limited access to official FX channels.

Analysts’ Take

Financial experts warn that unless forex supply improves and inflation is tackled, the naira could face further devaluation pressures.

Citations

1. Vanguard Nigeria – https://www.vanguardngr.com
2. Naira Rates – https://nairametrics.com
3. CBN Official Data – https://www.cbn.gov.ng

Marian Opeyemi Fasesan

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.