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Dollar to Naira Exchange Rate Today, July 4, 2025.
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Naira shows signs of stability backed by Central Bank intervention.
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Analysts predict moderate gains if current policies are sustained.
The Nigerian currency showed signs of relative stability on Thursday, July 4, 2025, as the naira continued its cautious recovery against the United States dollar across key markets. The Central Bank of Nigeria’s official exchange rate stood at ₦1,525 per US dollar, reflecting a slight improvement compared to last week’s figures.
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EKO HOT BLOG reports that in the parallel market, also known as the black market, the dollar exchanged at ₦1,567 per US dollar. The unofficial market has consistently maintained a gap of about ₦40 to ₦50 above the official rate, highlighting the persistent demand for foreign currency outside the regulated channels.
Mid-market data from Open Exchange Rates as of July 3 placed the dollar at ₦1,534.37, indicating steady activity and minimal volatility across commercial transactions.
The table below provides a quick overview of today’s dollar-to-naira rates across major platforms:
| Market Type | Exchange Rate |
|---|---|
| Official (NFEM) | ₦1,525 ₦/USD |
| Parallel (Black Market) | ₦1,567 ₦/USD |
| Mid-market (OER) | ₦1,534.37 ₦/USD |
Reports indicate that the naira’s recent stability has been supported by targeted interventions from the Central Bank of Nigeria, which has intensified its efforts to improve dollar supply through official windows. Additionally, the increased participation of foreign investors in government securities has provided further backing to the local currency.
Analysts suggest that the naira may continue to appreciate moderately in the coming weeks, particularly if the Central Bank sustains its current foreign exchange policies. Some projections hint that the naira could move closer to the ₦1,500 per dollar target set in Nigeria’s 2025 national budget.
As Nigeria’s financial authorities push for exchange rate unification and improved liquidity, the performance of the naira in both the official and parallel markets remains a critical indicator of economic direction.
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