Dollar to Naira exchange rate today, October 6, 2025

The Nigerian naira maintained its recent gains on Monday, trading at approximately ₦1,466 to the US dollar in the official Nigerian Foreign Exchange Market (NFEM), while the parallel (street) market, monitored by AbokiFX, quoted the dollar at around ₦1,450.

Traders indicated that the official NFEM figure, which is a volume-weighted average derived from interbank trading, demonstrated ongoing inflows and modest liquidity injections into the market. These factors have exerted downward pressure on the dollar compared to the levels observed earlier this month.

In the parallel market, AbokiFX’s real-time black-market feeds revealed that dealers were buying and selling dollars in the mid-₦1,400s, with buy/sell quotes hovering around ₦1,445–₦1,460 on Monday. This pricing maintains a narrower gap between the official and street rates than in previous months.

Market participants noted that the naira’s strength this week is a result of enhanced foreign exchange supply from exporters and reduced speculative activity. However, analysts cautioned that the currency remains susceptible to fluctuations in external flows and central bank interventions.