Dollar To Naira Rates For Today July 6, 2025 (Official)

Dollar To Naira Rates For Today July 6, 2025 (Official/ Black Market)
CBN official rate stands at approximately ₦1,525.8 per dollar today.
Forex gap persists due to high demand and limited official dollar supply

The Nigerian naira remains under pressure as exchange rates today reflect ongoing volatility between official and parallel markets.

In the parallel (black) market, Bureau De Change operators reported a buy rate of ₦1,555 and a sell rate of ₦1,568 per US dollar in major cities like Lagos, Abuja, and Kano.

These rates, though unofficial and unregulated, continue to guide many traders and businesses.

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EKO HOT BLOG reports that meanwhile, the Central Bank of Nigeria (CBN) maintains its benchmark rate within a narrower band. As of July 3, the CBN’s NFEM official rate stood at ₦1,525.82, with a weekly decline from approximately ₦1,529.71 at the end of June. Commercial banks typically align their buy and sell rates closely with this figure.

Today’s Exchange Rates at a Glance

Market Type	Exchange Rate (₦/USD)
Parallel (Black Market)	1,555 ↓ / 1,568 ↑
CBN Official (NFEM)	~1,525.8 (mid-range)

The gap of roughly ₦40–60 between the black market and official rates underscores the persistent demand for US dollars outside regulated channels. Market observers attribute this disparity to intermittent foreign currency shortages, speculative trading, and delays in official FX windows.

Despite CBN’s efforts through forex interventions and liquidity management, the parallel market remains resilient. In the broader context, historical data shows the naira peaked at about ₦1,607 per dollar in early May before trending toward stronger levels by June. While the official mid-market rate has moderated to around ₦1,530, the parallel market continues to hover near ₦1,560.

For consumers and businesses reliant on informal exchanges, today’s parallel market figures will remain a key gauge. However, regulated transactions should follow the CBN’s official benchmarks to ensure compliance and access.