The Nigerian Naira opened the new trading week slightly weaker against the United States dollar in the parallel market.
On Monday, October 27th 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,475 per dollar for buying and ₦1,485 per dollar for selling, according to data gathered from major currency traders in Lagos and Abuja.
This minor depreciation comes after the Naira recorded a brief rally last week, driven by improved dollar liquidity and reduced speculative trading. Traders attributed the latest movement to increased forex demand from importers and businesses ahead of month-end obligations.
Black Market Dollar to Naira Rate Overview
| Date | Market Type | Buying (₦) | Selling (₦) | Change |
|---|---|---|---|---|
| Monday, Oct 27, 2025 | Black Market | 1,475 | 1,485 | -₦10 ▼ |
| Friday, Oct 24, 2025 | Black Market | 1,465 | 1,475 | – |
| Official (CBN) | — | — | — | See CBN |
Figures verified by Naijaonpoint.
How Much Is Dollar to Naira Today in Black Market
As of this morning, the Dollar to Naira Black Market exchange rate is ₦1,475 for buying and ₦1,485 for selling. The adjustment represents a mild decline in the Naira’s value, with dealers noting stronger demand for the greenback from importers and travelers.
While the Naira remains relatively stable compared to the high volatility experienced in previous months, the wide gap between the official and black market rates continues to underline Nigeria’s foreign exchange challenges. For official data, visit the Central Bank of Nigeria (CBN).
Factors Influencing the Current Dollar to Naira Black Market Rate
The Naira’s latest movement in the parallel market is the result of a combination of market and economic factors:
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Increased Dollar Demand: Businesses and importers are seeking dollars to meet end-of-month obligations, putting pressure on the Naira.
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Limited Supply: Despite moderate inflows, overall dollar availability in the parallel market remains tight.
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Stable Oil Prices: Crude oil prices around $84 per barrel have supported Nigeria’s reserves but have yet to translate into a significant improvement in local liquidity.
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Speculative Trading: Some traders anticipate further Naira weakness, prompting increased dollar purchases.
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Inflationary Pressure: High domestic inflation continues to reduce confidence in the local currency, driving demand for foreign assets.
These factors, analysts say, point to ongoing structural imbalances that must be addressed to stabilize the foreign exchange market.
Economic Impact
The continued fluctuation in the Dollar to Naira Black Market rate has broad economic implications:
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Importers face higher costs, which could feed into consumer prices and maintain inflationary pressure.
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Consumers experience higher living costs as the price of imported goods continues to rise.
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Businesses struggle to plan and price goods effectively due to forex unpredictability.
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Students and Travelers bear additional expenses for tuition and travel-related payments abroad.
Despite the short-term volatility, the Naira’s performance over the past two weeks has been relatively stable compared to earlier months, offering some optimism for traders and investors.
Market Outlook
Looking ahead, analysts expect the Naira to trade within the ₦1,470 to ₦1,490 per dollar range this week, depending on market demand and supply conditions. Improved remittance inflows and steady oil earnings could support short-term stability, but long-term strength will depend on consistent policy execution and increased export diversification.
Experts also warn that without stronger official forex interventions and broader reforms to boost dollar inflows, the parallel market will continue to dominate Nigeria’s exchange-rate narrative.
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, October 27th 2025, stands at ₦1,475 for buying and ₦1,485 for selling, reflecting a slight decline in the Naira’s value as the new week begins.
For verified and timely updates on Dollar to Naira, visit Naijaonpoint, Aboki Forex, and the CBN.
While the Naira remains stable in the short term, sustained improvement will rely on Nigeria’s ability to attract foreign investment, strengthen its export base, and restore confidence in its forex management system.