See the latest Dollar to Naira exchange rate for April 9, 2025 on TJ News Nigeria.
If you’re searching for the latest Dollar to Naira exchange rate for Wednesday, April 9, 2025, you’ve come to the right place. With Nigeria’s forex market fluctuating daily, staying informed about both CBN official rates and the black market dollar rates is essential—whether you’re a business owner, traveler, or investor.
In this post, we provide accurate, updated figures for today’s exchange rates and explain the difference between the official and parallel market rates.
CBN Dollar to Naira Official Rate – April 9, 2025
As of the last update from the Central Bank of Nigeria (CBN), the official exchange rate for the US Dollar was:
₦1,629.00 / $1
This rate reflects the value set for official transactions through financial institutions such as banks and international remittances.
Note: The CBN updates rates on business days, and the current figure is based on April 7 data. April 9’s rate will be confirmed shortly.
Dollar to Naira Black Market Rate Today – April 9, 2025
In the parallel (black) market, which many Nigerians rely on for forex, the exchange rate as of April 7, 2025, stood at:
₦1,612.24 / $1
Rates in the black market are driven by demand and supply and may vary slightly depending on the location (e.g., Lagos, Abuja, Port Harcourt).
Comparison Table: CBN vs. Black Market Rates
| Date | CBN Official Rate (₦/USD) | Black Market Rate (₦/USD) |
|---|---|---|
| April 9 | ₦1,629.00 (last confirmed) | ₦1,612.24 |
| April 8 | Pending update | Pending update |
| April 7 | ₦1,629.00 | ₦1,612.24 |
Why Do Exchange Rates Differ?
- CBN Rates are controlled and regulated by the Nigerian government.
- Black Market Rates are influenced by street demand, inflation, and foreign investment trends.
- The gap often reflects supply shortages, import demands, and government policies.
Tips for Forex Users in Nigeria
- Use official channels for large transactions to avoid legal risks.
- Monitor rates daily before making international payments or exchanges.
- Compare local forex vendors if using the black market to get the best rate.
Final Words on Dollar to Naira Exchange Rate Today Wednesday.
As of April 9, 2025, the exchange rate for the US Dollar to Naira remains a key economic concern in Nigeria. Whether you use the CBN rate for official purposes or rely on the black market rate, always stay updated to make smart financial decisions.
Bookmark this page and check back daily for the latest Dollar to Naira exchange rates!
