- Official/ Black Market – Dollar to Naira Rate Today – July 1, 2025.
- Parallel market rate stands slightly higher at ₦1,536.05 per dollar.
- CBN’s tight policies drive naira’s gradual recovery across exchange windows.
The Nigerian naira showed slight improvement against the US dollar as trading opened today, July 1, 2025.
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EKO HOT BLOG reports that according to data from the Central Bank of Nigeria (CBN), the naira appreciated to ₦1,529.71 per dollar at the official market. This marks a continued recovery from last week’s rate of ₦1,539.24.
In the parallel (black) market, the dollar traded at around ₦1,536.05, showing a close alignment with the official rate. This narrowing gap between both markets is seen as a result of ongoing CBN interventions and increased foreign inflows.
Dollar to Naira Exchange Rates – July 1, 2025
| Market Type | Exchange Rate (₦/USD) |
|---|---|
| Official (CBN/NFEM) | ₦1,529.71 |
| Parallel (Black Market) | ₦1,536.05 |
Over the past six months, the naira has fluctuated significantly, with the USD-NGN rate averaging around ₦1,551. The CBN’s efforts to stabilise the currency have recently yielded some results, especially in the official market.
Analysts note that while the naira is gradually strengthening in formal channels, pressure persists in the black market due to high demand for foreign currency by importers and individuals.
The foreign exchange movement remains critical for Nigeria’s economic stability, import costs, and purchasing power. Both businesses and individuals are advised to monitor these rates closely as fluctuations continue to impact day-to-day transactions.
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