As of October 21, 2025, the Nigerian Naira’s exchange rates against major currencies showed mixed movements across different market segments, according to data from the Central Bank of Nigeria (CBN) LEMFI and REMITLY.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira gained 0.48% to close at N1,464/$ on October 20, according to data from the Central Bank of Nigeria (CBN).
In the Black market/Parallel market, according to data from NgnRates.com, the naira remained unchanged against the dollar trading at N1480/$ (Sell) and N1500/$ (Buy) on October 21.
In the International Money Transfer Operators (IMTO), data sourced from platforms like LEMFI and REMITLY, revealed the naira weakened slightly against the dollar by 0.87% to N1,487/$ on October 21, from N1,474/$ on October 20.
The naira depreciated against the Great British Pound by 0.70% to N1,996 per GBP from N1,982, while the naira appreciated against the Euro by 0.35% to N1,730 from N1,736.
The naira weakened against the CAD by 0.85%, reaching N1,060 from N1,051.
Meanwhile, foreign reserves stood at $42.696 billion as of October 17, a slight increase from $42.682 billion on October 16, maintaining overall stability.