The Naira on Thursday, September 18, 2025, exchanged for ₦1,518 to 1 US dollar at the parallel market in Nigeria.
This shows no change compared to Wednesday, September 17, 2025, when the naira also traded at ₦1,518 per dollar, reflecting a stable exchange rate with neither gain nor loss within a single day.The stability, though modest, provides a brief moment of predictability for traders, importers, and households who depend on foreign exchange for their daily needs.
A steady rate, even without appreciation, prevents sudden cost increases and eases planning for businesses.It is important to note that the parallel market rate continues to stay higher than the official rate, since it operates based on supply and demand rather than government control. For this reason, many Nigerians turn to it as a more practical source of foreign currency.
For today, ₦1,518 remains the benchmark in the parallel market, signaling neither a recovery nor a decline of the naira’s performance. While the lack of movement may feel like a pause, it still offers some relief from volatility in the face of ongoing challenges such as inflation, dwindling reserves, and heavy import dependence.
Analysts, however, caution that this stability may be temporary, as the market remains vulnerable to policy shifts, dollar scarcity, and swings in investor confidence.
The parallel market therefore remains a key guide, giving early signals of where the naira may head in the near future.
