The Nigerian Naira opened the new week on a weaker tone against major foreign currencies in the parallel market, according to data tracked by Okay News on Monday, 20 October 2025.
At the black market (Aboki FX), the Dollar to Naira exchange rate stood at ₦1,480 per $1 for buying and ₦1,495 per $1 for selling, reflecting mild depreciation compared to previous sessions.
Similarly, the British Pound (GBP) was exchanged at ₦1,980 for buying and ₦2,020 for selling, while the Euro (EUR) traded at ₦1,690 for buying and ₦1,740 for selling.
The Canadian Dollar (CAD) also maintained modest stability, exchanging at ₦1,050 for buying and ₦1,060 for selling, according to parallel market dealers who spoke with Okay News in Lagos and Abuja.
Okay News reports that the naira’s movement continues to be driven by rising demand for foreign exchange from importers and travelers amid limited dollar liquidity in official windows.
Meanwhile, analysts say the Central Bank of Nigeria (CBN) is expected to sustain its ongoing efforts to strengthen the naira through interventions and improved FX inflows, though the black market remains a key reference point for retail transactions.
Today’s Parallel Market Rates (20 October 2025)
- 1 USD to NGN → Buy at ₦1,480, Sell at ₦1,495
- 1 GBP to NGN → Buy at ₦1,980, Sell at ₦2,020
- 1 EUR to NGN → Buy at ₦1,690, Sell at ₦1,740
- 1 CAD to NGN → Buy at ₦1,050, Sell at ₦1,060
