Dollar to Naira exchange rate today, October 11, 2025

The naira firmed modestly successful the authoritative Nigerian Foreign Exchange Market (NFEM) arsenic dollar liquidity improved and marketplace participants reacted to dependable foreign-reserve inflows and cardinal slope guidance.

The NFEM (official) closing dollar punctuation was about ₦1,466.65 per US dollar. 

The Central Bank of Nigeria’s published exchange rate array (reference/mid) shows regular authoritative figures utilized by marketplace participants and banks. Recent CBN published rates successful aboriginal October ranged successful the mid-₦1,400s to ₦1,470s.

Parallel marketplace / Bureau de Change (BDC) quotes remained higher — around ₦1,490–₦1,500 per US dollar successful Lagos connected October 11, reflecting continued two-tier pricing and stronger request successful the cash/parallel window. 

What moved the market

Improved FX liquidity (driven by portfolio flows and offshore investors) and steadier outer reserves supported the naira’s humble summation successful the authoritative window. Analysts cited a insignificant uptick successful proviso that allowed the NFEM to adjacent somewhat firmer than earlier successful the week.

However, home currency request and constrained entree to slope FX for smaller transactions kept parallel/BDC quotes noticeably higher than the authoritative NFEM/CBN rates.

Naira has shown flimsy appreciation this period versus aboriginal October extremes, supported by overseas inflows and cardinal slope measures. 

What to ticker next

1. CBN publications and auctions — Any caller guidance oregon changes to involution gait tin determination the NFEM.

2. Portfolio flows / sovereign enslaved activity — Continued inflows into Nigerian assets would apt enactment further stability. 

3. Parallel marketplace dynamics — Cash request and entree to authoritative FX channels volition find whether the BDC/AbokiFX spreads constrictive oregon persist.

The station Dollar to Naira speech complaint today, October 11, 2025 appeared archetypal connected Vanguard News.