Dollar to Naira exchange rate today, October 13, 2025: Latest update
The Nigerian naira strengthened slightly on the official foreign exchange market today, while the parallel market remained around N1,500 per dollar, sustaining a significant premium over the Central Bank’s NFEM benchmark rate. According to market tracking platforms, the NFEM, which represents the Central Bank’s official daily rate based on the volume-weighted average price, opened at roughly N1,462.50 to the US dollar on October 13. Naira/Dollar. This rate serves as a key reference for analysts and companies when setting cross-border prices and reporting. On the parallel, or informal, market, dealers quoted about ₦1,500 per dollar for cash sales in major cities including Lagos and Abuja.