Official Dollar to Naira Exchange Rate Today, 3rd June 2025.
Official CBN rate ranges between ₦1,579 and ₦1,584 today.
CBN urges citizens to access forex through banks, not black market.
As Nigeria’s economic outlook continues to fluctuate, the naira remains under pressure in the parallel market. Today, Tuesday, June 3rd, 2025, the exchange rate between the US Dollar and the Nigerian Naira remains volatile, with significant disparity between official and unofficial markets.
EKO HOT BLOG reports that according to sources from Bureau De Change (BDC) operators in Lagos, the black market rate continues to hover around ₦1,598 to ₦1,615 per dollar, maintaining the same range seen on Monday. This follows steady demand from importers and individuals unable to access foreign exchange through the official window.
Meanwhile, the Central Bank of Nigeria (CBN) maintains a slightly lower rate on the official market. Despite monetary tightening policies, the gap between both markets persists.
Dollar to Naira Exchange Rates – 3rd June 2025
Market Type
Currency Pair
Buying Rate (₦)
Selling Rate (₦)
Black Market (Aboki)
USD to NGN
1,598
1,615
CBN Official Rate
USD to NGN
1,579 (Lowest)
1,584 (Highest)
Note: The Central Bank does not recognize the parallel market and advises individuals to source forex through licensed financial institutions.
Dollar to Naira Exchange Rate 3rd June
Fluctuations in the naira’s value are expected to continue as Nigeria balances inflation, foreign reserve pressures, and rising forex demand. Stakeholders are closely monitoring government fiscal policy and CBN interventions in response to currency volatility.
