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Dollar To Naira (NGN) Exchange Rate Today 16th June 2025.
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CBN rate ranges from ₦1537 to ₦1570 officially.
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Forex users advised to transact only via licensed banks.
The exchange rate between the US Dollar and Nigerian Naira remained high at the parallel market as of Monday, June 16, 2025. According to Bureau De Change (BDC) operators in Lagos, the dollar was bought at ₦1579 and sold at ₦1586, reflecting ongoing volatility in the foreign exchange market.
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EKO HOT BLOG reports that this rate is specific to the black market, often referred to as Aboki fx, and may differ slightly across locations.
Meanwhile, the Central Bank of Nigeria (CBN) maintains a different exchange rate and does not recognize the parallel market. The CBN advises all forex transactions to be conducted through authorized financial institutions.
As of today, CBN rates are listed between ₦1537 (lowest) and ₦1570 (highest).
Dollar to Naira Exchange Rates – June 16, 2025
| Market | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market | 1579 | 1586 |
| CBN Official Rate | 1537 – 1570 | N/A |
Please note that forex rates are subject to change and may vary slightly depending on your location or transaction size.
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