The naira strengthened slightly on Tuesday, trading at ₦1,487 per dollar in the parallel market, compared to ₦1,491 per dollar recorded on Monday.
A similar trend was observed in the Nigerian Foreign Exchange Market (NFEM), where the local currency appreciated to ₦1,447 per dollar, up from ₦1,452.5 per dollar the previous day, according to data released by the Central Bank of Nigeria (CBN).
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Dollar to Naira exchange rate today, October 28, 2025
This represents a ₦5.5 gain for the naira at the official window.
However, the gap between the parallel market and official rates widened slightly to ₦40 per dollar, from ₦38.5 per dollar on Monday.
