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Dollar to Naira Exchange Rate Today – June 8, 2025.
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Black market rates stay elevated.
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Gap reflects continued forex supply challenges.
The Nigerian naira showed slight signs of recovery as it traded at ₦1,559 per US dollar in the interbank market as of June 8, 2025.
This reflects a consistent improvement over the past few days, amid the Central Bank of Nigeria’s efforts to stabilise the foreign exchange market.
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EKO HOT BLOG reports that despite this gain, the black market continues to reflect the ongoing pressure on foreign exchange availability, trading significantly above the official rate.
Exchange Rate Breakdown
| Market Type | Date | Exchange Rate (₦ / $) |
|---|---|---|
| Interbank Rate | June 8, 2025 | ₦1,559 |
The naira’s slight appreciation in the official market signals cautious optimism in the forex space, though the wide gap between the interbank and parallel markets remains a concern.
Analysts note that forex scarcity and demand pressure are still major issues, and any sustained improvement will require continued policy intervention, better forex inflows, and investor confidence.
With the naira maintaining around ₦1,559 to the dollar in the interbank market, June 8 2025 marks a modest but meaningful shift in currency dynamics.
However, the substantial divergence from black market rates continues to pose challenges. Sustainable relief hinges on boosting forex availability and narrowing the gap between official and informal markets.
