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The Nigerian Naira showed slight strength against the United States Dollar in both the official and parallel markets on Tuesday, July 15, 2025, following recent fluctuations driven by foreign exchange inflows and market interventions.
TJ News Nigeria reports that as of Tuesday morning, the official exchange rate at the Nigerian Foreign Exchange Market (NFEM) stood at β¦1,534.80 per $1, based on data from the Central Bank of Nigeria (CBN) and verified currency platforms.
Meanwhile, the black market rate improved to an average of β¦1,545 per $1, gaining about β¦5 compared to Mondayβs rate of β¦1,550. This marks a modest appreciation of the Naira across informal trading windows.
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Current Exchange Rates β July 15, 2025
| Market | Exchange Rate (β¦/USD) | Trend |
|---|---|---|
| Official (NFEM) | β¦1,534.80 | Slight appreciation |
| Parallel (Black Market) | β¦1,545 | Strengthened by β¦5 |
Source: CBN, Bureau de Change operators, and forex rate aggregators
Forex Market Movement
According to financial analysts, the uptick in Naira value is linked to:
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- Increased oil revenue inflow into the CBN reserve base
- Tighter monetary policies by the Tinubu administration
- Reduced speculative activity in the parallel market
- Expected inflows from diaspora remittances and foreign investors
TJ News Nigeria learnt that traders in Lagos, Abuja, and Port Harcourt confirmed that the dollar sold for between β¦1,540 and β¦1,548 in most Bureau De Change (BDC) centres, with buying rates hovering between β¦1,530 and β¦1,535.
CBN Cautions Against Black Market Dealings
The Central Bank of Nigeria has repeatedly warned Nigerians against transacting foreign exchange through unregulated channels. In its latest advisory, the apex bank reaffirmed that only official FX windowsβsuch as banks and licensed BDCsβshould be used for transactions.
The CBN has also intensified its clampdown on forex speculators and unauthorized BDCs operating across major cities.
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Implications for Nigerians
The latest exchange rate trends continue to impact:
- Importers and SMEs, who rely heavily on dollar transactions
- Students studying abroad, affected by tuition and accommodation costs
- Travelers, due to airfare and visa fee conversions
- Investors, watching the currency for portfolio positioning
Week-to-Date Recap
| Date | Official Rate | Parallel Rate |
|---|---|---|
| Monday (July 14) | β¦1,535.12 | β¦1,550 |
| Tuesday (Today) | β¦1,534.80 | β¦1,545 |
The Naira has maintained relative stability this week, with marginal daily movements attributed to demand shifts and CBN interventions.
What to Expect This Week
Experts anticipate continued pressure on the Naira unless:
- The CBN increases liquidity supply into the FX market
- The government finalizes ongoing talks with multilateral financial partners
- Fiscal discipline is maintained in line with budget projections
TJ News Nigeria will continue to monitor the Dollar-to-Naira exchange rate across all markets and provide verified daily updates.
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