The Nigerian Naira experienced renewed gain against major foreign currencies in the parallel market today, Saturday, 4 October 2025, according to data obtained by Okay.ng.
At the black market (Aboki FX), traders in Lagos quoted the dollar to naira exchange rate at ₦1,455 per $1 for buying and ₦1,470 per $1 for selling.
Similarly, the British Pound (GBP) traded at ₦1,980 for buying and ₦2,010 for selling, while the Euro (EUR) exchanged at ₦1,670 for buying and ₦1,720 for selling.
In addition, the Canadian Dollar (CAD) stood at ₦1,039 for buying and ₦1,050 for selling, reflecting relative steadiness compared to the previous week’s figures.
Okay.ng reports that the naira’s performance in the parallel market remains influenced by persistent demand for foreign exchange from importers and travelers, despite ongoing interventions by the Central Bank of Nigeria (CBN) in the official market.
Analysts note that liquidity pressures and speculative activities continue to shape rate dynamics, as many Nigerians still rely on the informal market due to limited access to official channels.
Today’s Parallel Market Rates (4 October 2025)
- 1 USD to NGN → Buy at ₦1,455, Sell at ₦1,470
- 1 GBP to NGN → Buy at ₦1,980, Sell at ₦2,010
- 1 EUR to NGN → Buy at ₦1,670, Sell at ₦1,720
- 1 CAD to NGN → Buy at ₦1,039, Sell at ₦1,050
