Key points:
- Official CBN Rate: ₦1,463.44 / USD
- Black-Market Rate: ₦1,490 / USD
- Drivers: Decline in FX inflows, easing speculative pressure, CBN reforms boosting confidence
- Top Tools: AbokiFX, FMDQ Exchange, Nairametrics FX Tracker
The naira stayed stable at ₦1,463.44/$1 on Wednesday, October 22, 2025, despite a 33% dip in weekly foreign exchange inflows, from $1.64bn to $1.10bn. Analysts credit the steady rate to reduced speculation and renewed market confidence following ongoing CBN reforms. For real-time updates, use AbokiFX or FMDQ Exchange for interbank quotes, and Nairametrics FX Tracker for black-market snapshots, each refreshed every minute.
- What’s the gap between CBN & black-market rates? Roughly ₦27 separates both markets, reflecting narrowing volatility.
- Will the naira strengthen soon? Analysts expect mild gains if inflows recover and speculative trading stays low.
- How do oil prices affect rates? Higher oil prices lift Nigeria’s reserves and FX supply, strengthening the naira in both official and parallel markets.
- Next article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for October 21, 2025
- Previous article in the series 'Dollar to Naira Rate Series': Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 24 October 2025
