Last Updated: October 6, 2025 — 6:30 AM (WAT)
By GoldenNewsNg Business Desk
Latest Dollar to Naira Exchange Rate (October 6, 2025)
GoldenNewsNg reports that the Dollar to Naira exchange rate remains one of the most closely monitored indicators of Nigeria’s economy. With ongoing pressure on the foreign exchange market, many Nigerians continue to rely on the black market (also known as AbokiFx or parallel market) for quick access to foreign currency.
Note: Exchange rates fluctuate hourly based on demand and the volume of dollars available in the market. The buying and selling prices may rise or fall at any time.
Dollar to Naira Black Market Rate Today — Monday, 6 October 2025
The local currency opened at ₦1,460.00 per $1 at the parallel (black) market on Monday, 6 October 2025, in Lagos, Nigeria.
It had closed at ₦1,450.00 per $1 on Sunday, 5 October 2025.
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | ₦1,450 per $1 |
| Selling Rate | ₦1,460 per $1 |
The black market (AbokiFx) rate is usually higher than the official CBN rate, as it operates independently of government regulation.
CBN Official Exchange Rate (October 6, 2025)
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Buying Rate | ₦1,464 per $1 |
| Selling Rate | ₦1,465 per $1 |
Exchange rate data is verified against the official CBN Exchange Rate Portal and major forex market sources.
Why the Naira Keeps Fluctuating
Financial analysts say the persistent Naira depreciation is linked to:
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Low foreign exchange inflows
-
High import dependence
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Inflationary pressure
-
Limited intervention from the Central Bank
Until forex liquidity improves, the black market rate is expected to remain volatile, with daily fluctuations driven by demand.
KeyPoints
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Black Market Rate: ₦1,460 per $1 (selling)
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CBN Official Rate: ₦1,465 per $1
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Rate Type: Fluctuates hourly
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Date: October 6, 2025
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About the Author
GoldenNewsNg Business Desk
GoldenNewsNg provides verified updates on forex, oil prices, and Nigerian economic trends. Our team follows data from credible financial sources, including the Central Bank of Nigeria (CBN) and major parallel market operators.
