- Dollar–Naira Exchange Rate Today, July 7, 2025.
- CBN official rate stands at ₦1,525.82 per dollar today.
- Naira remains weak despite forex interventions and slight market recovery.
The naira remains under pressure as Nigeria navigates ongoing economic volatility and currency shortages. In today’s black market, commonly known as Aboki FX, Bureau de Change operators in Lagos, Abuja, and Kano quoted the buy rate at ₦1,555 and the sell rate at ₦1,560 per US dollar.These unofficial rates reflect persistent demand for foreign currency and remain a daily reference for many traders and small businesses.
In contrast, the official Central Bank of Nigeria (CBN) rate continues to be significantly lower. As of July 3, the NFEM mid-market rate stood at ₦1,525.82 per dollar, down from ₦1,529.71 at the start of the week. Commercial banks generally align their rates with this benchmark, offering customers a consistent if more regulated exchange environment.
| Market Type | Exchange Rate (₦/USD) |
|---|---|
| Black Market | ₦1,555 (buy) / ₦1,560 (sell) |
| CBN Official (NFEM) | ₦1,525.82 (mid-market) |
The roughly ₦34–₦38 premium between the parallel and official rates highlights the naira’s fragility under current economic pressures. Despite the CBN’s active foreign exchange interventions and efforts to stabilise the naira, it continues to lag behind demand-driven rates in the black market.
Historically, the naira reached a low of ₦1,607 per dollar in May, before gradually recovering to near ₦1,530 in June . Today’s black market figures near ₦1,560 suggest ongoing pressure, albeit slightly below peak levels seen earlier this summer.
For Nigerians relying on informal forex channels, today’s parallel rate of ₦1,555/₦1,560 remains a critical benchmark. However, individuals and businesses still face legal and liquidity advantages with the official CBN rate of ₦1,525.82, which remains the recommended path for compliant forex transactions.
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