The latest Dollar to Naira Exchange Rate Today, Friday July 25, 2025 is accessible here.
As of Friday, July 25, 2025, the Nigerian naira continues to trade under pressure against the United States dollar, reflecting ongoing concerns over foreign exchange liquidity and investor sentiment in Africa’s largest economy.
TJ News Nigeria reports that both the official and parallel market rates show marginal differences, with no major gain or recovery recorded compared to the previous week.
Official Exchange Rate (CBN/NFEM)
According to the most recent data published by the Central Bank of Nigeria (CBN) under the Nigerian Foreign Exchange Market (NFEM) framework:
- ₦1,535.24 per USD — This rate was last updated on Monday, July 22, 2025, and is currently the most recent available official benchmark.
The NFEM rate is typically applied to official government transactions, importers with Form M, and financial institutions that comply with CBN clearance.
Black Market (Parallel Market) Rate
As observed in several commercial hubs such as Lagos, Abuja, Kano, and Onitsha, the parallel market rate as of July 25, 2025 is:
- ₦1,540 per USD (sell rate)
- ₦1,525 per USD (buy rate)
These rates are sourced from credible bureau de change operators and online black market trackers.
Dollar to Naira Exchange Rate Today
| Market Type | Rate (₦/USD) | Date |
|---|---|---|
| CBN (Official/NFEM) | ₦1,535.24 | July 22, 2025 |
| Black Market (Buy) | ₦1,525 | July 25, 2025 |
| Black Market (Sell) | ₦1,540 | July 25, 2025 |
What’s Driving the Naira’s Performance?
The naira’s weakness continues to stem from a combination of:
- Insufficient dollar supply from oil exports and foreign reserves
- Low capital inflow due to investor uncertainty
- Currency speculation and widening gap between official and black market rates
- Policy adjustments such as interest rate hikes by the Central Bank
Recent Exchange Rate Trends
- The naira traded at ₦1,532.54/USD on July 21, slightly strengthening by ₦2.70 in official markets on July 22.
- In the parallel market, rates have hovered between ₦1,520 and ₦1,550/USD over the past week, reflecting continued demand pressure.
Financial analysts predict further adjustments may occur depending on CBN’s next Monetary Policy Committee (MPC) decision and external funding sources.
Government Outlook
The 2025 federal budget was calculated using an average exchange rate projection of ₦1,400 per USD, significantly below current market realities. Experts say this gap could widen if FX inflows remain low or if oil prices fall below expectations.
Final Takeaway
For individuals and businesses transacting in foreign exchange:
- Use official rates for documentation and legal imports.
- Black market rates remain relevant for informal and urgent FX needs.
Stay updated on the naira’s movement to make informed financial decisions.
