Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 29 July 2025

Key points:

• Official CBN Rate: ₦1,534.39 / USD
• Black-Market Rate: ₦1,540 / USD
• Drivers: Forex market activity, capital inflows, investor confidence
• Top Tools: XE, CBN Website, Naira Metrics

Your Daily Rate Fix
The Naira opened the new week on a positive note, appreciating by 27 kobo or 0.02% at the official market to trade at ₦1,534.39 per dollar. In contrast, the currency depreciated in the black market, dropping by ₦5 to ₦1,540/$1. Expectations are that the Naira may remain stable in the official market, with capital inflows expected to maintain positive momentum. Meanwhile, the Pound Sterling and Euro also saw slight gains at the official market.


For real-time updates, use XE or CBN Website for interbank quotes, and Naira Metrics for black-market snapshots—each refreshed every minute.


FAQ

• What’s the gap between CBN & black-market rates? The Naira is trading at a ₦5 difference between the official and black-market rates, which reflects ongoing volatility in the forex market.
• Will the naira strengthen soon? The Naira is expected to remain stable in the official market due to capital inflows, but the black-market rate might continue to fluctuate.
• How do oil prices affect rates? Oil prices directly influence Nigeria’s foreign reserves and economic stability, which in turn impacts the value of the Naira in both official and parallel markets.