- Dollar to Naira Exchange Rate – Thursday, June 26, 2025
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Official CBN rate remains stable at ₦1,549 per dollar today.
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Forex scarcity widens gap between official and black market exchange rates.
Nigeria’s forex market continues to reflect a two-tier system: a well-supplied official market and a volatile, demand-driven black market.
Exchange Rate Breakdown
| Market | Buying (₦/USD) | Selling (₦/USD) |
|---|---|---|
| Black Market | ₦1,595 | ₦1,600 |
| CBN Official (IFEM) | ₦1,549 | ₦1,549 |
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EKO HOT BLOG reports that
Black Market: In the parallel market, dollars cost between ₦1,595 and ₦1,600, similar to Wednesday’s range — a reflection of tight supply and ongoing demand
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CBN Official (IFEM): The Central Bank’s official interbank rate remains around ₦1,549, consistent with yesterday’s listing .
Market Insight
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Persistent Parallel Premium: The ₦46–₦51 gap between black-market and official rates persists, highlighting continued pressure from forex scarcity in the official channel.
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Supply Constraints: Nigeria’s import-dependent economy continues to suffer shortages in official forex, sustaining reliance on parallel sources.
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External Influences: Ongoing geopolitical tensions and oil price fluctuations continue to influence naira volatility, although local supply constraints remain the primary driver.
What It Means for You
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Importers & Traders: Exercise caution—while official rates offer predictability, limited access may push you towards more expensive parallel rates.
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Consumers: The wide spread contributes to rising import and transportation costs, which trickle down into everyday expenses.
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Outlook: Unless the CBN addresses forex supply through policy reforms or external inflows, expect this two-tier rate system to persist.
Dollar to Naira Exchange Rate – June 26
Final Takeaway
On June 26, 2025, the naira trades at ₦1,595–₦1,600 in the black market but hovers at ₦1,549 officially—a vivid illustration of Nigeria’s unresolved forex market imbalance.
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