/ Aug 15, 2026
/ Aug 15, 2026

Dollar to Naira exchange rate for October 25, 2025

Published on

By

The naira held near mid-October levels on Saturday as official market fixings remained around ₦1,460 per US$1 while the parallel (black) market continued to trade notably weaker, averaging ₦1,495–₦1,500 per US$1.

NFEM / Investors & Exporters window (official): ₦1,460.49 / $1.

CBN suggested / indicative rate: About ₦1,458 / $1.

Parallel / black market (retail cash): Dealers quoted between ₦1,495 and ₦1,515, with a street average close to ₦1,500 / $1; many price boards showed a selling rate of ₦1,500 and a buy rate around ₦1,485.

Official FX windows (the NFEM/Investors & Exporters window reported by banks and market platforms) recorded a modest intraday softening of the dollar from earlier in the week, keeping the official fixing around the mid-₦1,400s. Meanwhile, parallel market dealers — facing tight retail dollar supply and continued cash demand — quoted substantially higher rates for immediate cash transactions, leaving a persistent spread between official and street prices.

Why the gap persists

Market commentary and reporting point to a recurrent two-speed FX market: Electronic interbank liquidity and official windows absorb some flows (trade, some inflows), keeping the official rate relatively anchored, while limited access to physical dollars for retail customers—plus demand from importers and travelers—keeps parallel quotes elevated. Analysts and business reports say the divergence reflects episodic dollar scarcity at retail level even when interbank activity appears calmer.

What it means for Nigerians

Businesses and importers: Companies that rely on cash dollar purchases may still face higher outlays if they use parallel market sources.

Consumers and travellers: Cash purchases and informal remittances will be priced closer to the parallel market (₦1,495–₦1,500), not the official fixing.

Policy watchers: The persistent gap will keep attention on CBN liquidity measures and potential steps to narrow the two markets.

You May Like

4 thoughts on “Dollar to Naira exchange rate for October 25, 2025

  1. If you’re hunting for online casino excitement, 888nowcc might just tickle your fancy!. I’ve heard from my friends that the bonus structure seems quite generous. So, I’d recommend trying your luck at 888nowcc.

  2. В лабиринте азарта, где каждый площадка пытается заманить гарантиями легких джекпотов, казино рейтинг онлайн
    становится той самой ориентиром, что ведет сквозь ловушки обмана. Игрокам ветеранов плюс начинающих, которые устал из-за пустых посулов, он инструмент, дабы почувствовать настоящую отдачу, будто тяжесть ценной ставки на ладони. Минус пустой болтовни, лишь надёжные клубы, там выигрыш не только цифра, а реальная фортуна.Подобрано из гугловых трендов, как сеть, что ловит наиболее горячие тренды на интернете. Тут нет места про клише фишек, любой элемент словно ход у столе, где обман проявляется мгновенно. Игроки знают: в России тон речи и иронией, где ирония маскируется под совет, даёт обойти обмана.В https://www.don8play.ru/ этот топ ждёт словно готовая карта, приготовленный для раздаче. Загляни, если хочешь увидеть ритм настоящей азарта, минуя обмана плюс провалов. Для тех любит тактильность приза, он будто взять карты в ладонях, вместо глядеть в экран.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Nasarawa State Governor Abdullahi Sule at the signing of a $2 million supplementary lithium agreement with Chinese investors in Abuja.

Governor Sule seals $2m Lithium deal with Chinese Firm

Nasarawa State Governor Abdullahi Sule has presided over the signing of a $2 million supplementary lithium agreement between the state government and Diamond New Energy, following his recent visit to China.   The agreement was signed at the Nasarawa State Governor’s Lodge in Abuja on Friday, August 14, 2026. Sule said the deal would help keep the company’s lithium processing factory operational while protecting jobs created by the investment. > “We are going to keep your factory functional, and we also have an interest as license owners in whatever you are doing in your company. More importantly, the people you have employed will remain employed,” the governor said. According to Channels Television, the governor said the state moved quickly to secure the relevant mining licence to ensure continued access to raw materials and prevent another party from obtaining the licence. The Commissioner for Environment and Natural Resources, Margaret Elayo, expressed appreciation to the investors and said the partnership could encourage further investment in Nasarawa. The signing was witnessed by officials from the state Ministry of Justice, Ministry of Environment and Natural Resources, the Nasarawa State Investment Development Agency (NASIDA), Diamond New Energy and Ganfeng Lithium Industry Limited. Sule also urged the company to maintain peaceful relations with host communities and contribute to their development. He disclosed that payments due to the state under the agreement would be made in foreign currency directly to Nasarawa Mining Company Limited, with the terms subject to periodic review. Agreement builds on 2024 mining deal NASIDA Managing Director and Chief Executive Officer Ibrahim Abdullahi said the state government had signed an exclusive mining cooperation agreement with the company in 2024. He said the partnership had contributed to the completion of what he described as the largest lithium processing refinery in West Africa. The supplementary agreement allows the continued supply of lithium materials from the state government’s mining block to serve as feedstock for the refinery. Abdullahi said the arrangement was expected to create further employment opportunities for young people and women in Nasarawa. He added that the state would receive $2 million immediately upon signing, with additional revenues expected under the agreement. A representative of Diamond New Energy, David Siong, said the company remained committed to expanding its operations in Nasarawa, including local processing of resources, job creation and supporting economic development in host communities. The Attorney-General and Commissioner for Justice, Isaac Danladi, also presented copies of a deed of assignment transferring the mining rights and interests of Nasarawa Mining Company within 3.5 mining cadastral units in Endo, Nasarawa Local Government Area, to Ganfeng Lithium Industry Limited.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.