Dollar to Naira Parallel Market Today

The naira traded slightly weaker across official FX windows on Wednesday, October 15, 2025, with quotes lingering in the mid-₦1,400s band.

Parallel-market dealers priced the dollar higher, leaving a spread of roughly ₦20–₦45 between official and street midpoints. The gap underscores ongoing pressure from thin dollar supply and seasonal demand.

Market participants say stability will depend on sustained official liquidity and improved investor confidence. Export proceeds, remittance inflows and potential multilateral support could help narrow the gap. For importers and SMEs, a tighter spread would reduce planning uncertainty and mitigate pass-through to prices.

In the near term, analysts expect modest two-way moves as authorities balance rate flexibility with efforts to tame inflation. A clearer FX rulebook, timely settlement of backlogs and growth in non-oil exports remain central to lasting FX stability and a stronger, more predictable naira.