- Dollar To Naira Exchange Rate for Today – June 19 2025.
- Official exchange rate remains steady at ₦1,550.90 per dollar.
- CBN average rate earlier this week was recorded at ₦1,540.05.
As Nigeria’s forex market continues to witness fluctuations, the value of the naira against the U.S. dollar remains a key concern for traders, importers, and everyday citizens.
The disparity between the official exchange rate and the parallel market persists, reflecting broader demand and supply pressures. Below is the breakdown of today’s exchange rates across major platforms as of Wednesday, June 19, 2025:
Dollar to Naira Exchange Rate – June 19, 2025
| Market | USD → NGN Rate | Remarks |
|---|---|---|
| Official (CBN/NAFEM) | ₦1,550.90 per $1 | Stable with minor intra-day movements |
| Parallel Market | ₦1,600.00 per $1 | Naira weakens slightly, high street demand |
| CBN Rate (Prev. Avg) | ₦1,540.05 per $1 | From June 16 CBN published data |
Market Overview
The naira weakened marginally in the black market today, trading at ₦1,600 per dollar, up from ₦1,598 the previous day. On the official Nigerian Autonomous Foreign Exchange Market (NAFEM), the rate hovered at ₦1,550.90, indicating a relatively stable outlook. The Central Bank of Nigeria’s average rate from earlier in the week stood at ₦1,540.05.
Analysts suggest that rising demand for the dollar by importers and travelers is continuing to pressure the parallel market. However, the official market remains more controlled due to CBN policies and intervention.
With the current trajectory, market watchers are advised to stay alert for CBN interventions that may impact both official and black market rates. The widening gap between the two rates remains a concern for economic planners and consumers alike.
FURTHER READING
- Epe LGA Marks Democracy Day 2025 With Call For Unity, Participation, And Patriotism
- Transfer Updates: Azpilicueta To Exit Atletico, Osimhen Next Club, Other News
- President Tinubu Confers National Honour on Dr. Tunji Alausa
Watch Our Video Of The Week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
