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Dollar to Naira Exchange Rate – Wednesday, June 18, 2025.
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CBN Official: USD trades around ₦1,543 across official channels.
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Implication: A ₦70 premium reflects ongoing forex scarcity and policy gap
Nigeria’s foreign exchange market remains sharply divided, with the Naira trading quite differently across official and unofficial windows as of today.
Exchange Rates Snapshot
| Market | Currency Pair | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|---|
| Black Market | USD/NGN | 1,610 | 1,615 |
| CBN Official | USD/NGN | ≈1,543 | ≈1,543 |
Black market data from Bureau De Change operators in Lagos; CBN official rate is the daily Average FX Market (NFEM).
Market Analysis
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The Central Bank of Nigeria’s (CBN) latest report shows the official Naira-to-Dollar rate near ₦1,543, based on the NFEM, reflecting a modest gain from mid-June levels.
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Meanwhile, parallel market traders continue to offer less favourable rates, buying the dollar at ₦1,610 and selling at ₦1,615—a consistent premium over the official window .
What This Means
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The sharp gap—near ₦70 per Dollar—underscores persistent imbalances: strong demand for hard currency coexisting with limited official supply. Such divergence can exacerbate inflation and complicate import logistics.
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The CBN reiterates that parallel market rates are unregulated and encourages citizens and businesses to transact through official channels to ensure compliance and avoid risks.
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As global oil prices stabilize and local reforms continue, analysts suggest the currency spread may narrow—but only with improved forex liquidity and policy consistency.
Dollar to Naira Exchange Rate – June 18
Takeaway
The Naira remains firm in the official market yet under pressure in the parallel space. For now, anyone conducting forex transactions should monitor both rates and prefer official platforms for safer, more predictable deals.
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