Dollar to Naira Exchange Rate Update

Dollar to Naira Exchange Rate Update – September 7, 2025
Naira records slight 1.37% weekly decline against US dollar
Parallel market remains under pressure as demand continues rising

The exchange rate between the US dollar (USD) and the Nigerian naira (NGN) remained relatively stable on Sunday, September 7, 2025. Both official and parallel market rates hovered in similar ranges as seen over the past week, offering little change for importers, exporters, and everyday Nigerians.

The table below highlights the key exchange rates for today:

Rate Type	Rate (₦ per USD)
Mid-market (Wise)	₦1,506.30
Black Market (NairaToday, Abokifx)	₦1,530 (sell), ₦1,500 (buy)

rbank rate—often used by fintech platforms and traders—stands at ₦1,506.30, showing virtually no change from the previous day. Over the past week, the rate has fluctuated between ₦1,528.65 (on September 2) and ₦1,506.30 (today), averaging ₦1,517.53—a slight decline of about 1.37%.

EDITOR’S PICKS

EKO HOT BLOG reports that in contrast, the black market (or parallel market) sees a wider spread: aboki dealers are selling the dollar at ₦1,530, while buyers can purchase dollars at ₦1,500, unchanged from Saturday.

This persistent gap reflects ongoing pressure on the naira amid sustained demand and limited official supply.

Dollar to Naira Exchange Rate September 7

Prospective dollar users and traders should monitor both rates closely, as even small shifts can significantly impact costs on imports, travel, tuition, and daily essentials.

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