- Dollar To Naira Rate Today – June 7 2025 .
- CBN rates range between ₦1,545 and ₦1,560 officially.
- Forex buyers urged to use banks, not black market sources.
As of June 7, 2025, the exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) is as follows:
Black Market (Parallel Market) Rates:
| Transaction Type | Exchange Rate (₦) |
|---|---|
| Buying | ₦1,590 |
| Selling | ₦1,600 |
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EKO HOT BLOG reports that these rates are sourced from Bureau De Change (BDC) operators in Lagos. It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals seeking foreign exchange to approach their respective banks.
CBN Official Rates:
| Rate Type | Exchange Rate (₦) |
|---|---|
| Highest | ₦1,560 |
| Lowest | ₦1,545 |
The official rates are based on data from the CBN’s daily foreign exchange market reports.
Please be aware that exchange rates can vary based on location and the financial institution involved. It’s advisable to consult with authorized dealers for the most accurate and current rates.
