Naira To Dollar Exchange Rate For Today

Naira To Dollar Exchange Rate For Today – July 12, 2025
Naira stable as CBN maintains steady forex supply and reforms.
BDC recapitalisation deadline may impact future market movement.

The naira remained relatively stable against the dollar on Saturday, July 12, 2025, as the Nigerian foreign exchange market continued to show signs of resilience amid global economic uncertainties and domestic reforms. The black market saw a slight uptick in dollar sales, reflecting ongoing demand pressure from importers and businesses shut out of official forex channels.

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Outlook

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EKO HOT BLOG reports that despite fluctuations in the parallel market, the Central Bank of Nigeria (CBN) maintained its steady intervention policy, with official exchange rates staying below ₦1,530. Analysts say the improved liquidity conditions and steady foreign portfolio inflows have helped calm recent volatility.

Meanwhile, the disparity between official and black-market rates remains a key concern for traders, as the gap continues to shape pricing across sectors. Forex dealers attribute the ongoing pressure to backlogs in demand and limited access through official windows.

Below is the official and black market exchange rate for today:

Market	Buying Rate (₦)	Selling Rate (₦)
Black Market (Aboki fx)	1,535	1,550
CBN Official Rate	1,528.33	1,528.33
FMDQ I&E Window (range)	1,526 – 1,528	1,526 – 1,528

Market operators continue to monitor developments around CBN’s policy on Bureau De Change (BDC) recapitalisation, which is expected to influence access to forex and potentially reduce reliance on informal channels.

At the same time, trading activities remained upbeat on Friday, with strong interest in foreign currency, particularly among tech importers and businesses with offshore obligations.

Outlook

Experts predict that the naira may trade within its current band in the coming days, supported by continuous CBN intervention and favourable oil receipts. However, any sudden disruption in forex inflows or shift in global market conditions could trigger fresh depreciation in the black market.

As of now, Nigerians planning foreign travel, school payments, or importation are advised to monitor both markets and explore formal channels to avoid inflated parallel market premiums.