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Dollar to Naira Exchange Rate for June 29, 2025.
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CBN official rate strengthens to ₦1,539, closing market gap.
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Forex supply remains key to naira stability across all exchange windows.
The Nigerian currency market continues to fluctuate as the Central Bank of Nigeria (CBN) works to stabilize the naira. Today’s dollar-to-naira exchange rates reflect the ongoing efforts to bridge the gap between the official and parallel markets.
Dollar to Naira Rates – Monday, June 29, 2025
| Market Type | Buying Rate (₦/$) | Selling Rate (₦/$) |
|---|---|---|
| Black Market | ₦1,560 | ₦1,560 (average) |
| CBN Official Rate | ₦1,539 | ₦1,539 |
Market Breakdown
Black Market (Parallel Market):
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EKO HOT BLOG reports that today, the dollar is exchanged at an average of ₦1,560 in the black market, showing relative stability when compared to last week’s average. Demand from importers, travellers, and individuals continues to drive activities in this market.
CBN & NFEM (Official Market):
The Central Bank of Nigeria maintains the official exchange rate at ₦1,539, slightly stronger than last week’s ₦1,548 – ₦1,550 range. This reflects a mild appreciation of the naira as the CBN sustains its forex supply.
Key Observations
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The gap between the black market and official rates is now about ₦21, showing signs of gradual narrowing.
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Increased forex liquidity in the official market is helping to slow the naira’s depreciation and ease inflation concerns.
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Traders and businesses still rely on the black market due to limited forex access at commercial banks.
Dollar to Naira Rate for June 29
Outlook
If the CBN continues to inject forex into the market and strengthens policy control, the black-market premium is expected to reduce further. However, any potential shortage of forex supply or global economic shifts could push black-market rates higher in the coming days.
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