- Advertisement -

Dollar to Naira Exchange Rate Today, Friday, July 4, 2025

0

- Advertisement -

Dollar to Naira Exchange Rate Today, Friday, July 4, 2025: Parallel Market vs Official Rate

The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to attract the attention of citizens, investors, and business owners amid ongoing market reforms. As of today, Friday, July 4, 2025, the Naira is trading between ₦1,525 and ₦1,570 per US Dollar, depending on the market source.


Current Dollar to Naira Exchange Rates – July 4, 2025

TJ News Nigeria reports that the exchange rate differs across platforms and market segments. Below are the latest figures:

- Advertisement -

Official Market (CBN/Interbank Rate)

  • ₦1,525 to ₦1,534 per $1
  • Source: Central Bank of Nigeria and commercial banks

Black Market (Parallel Market Rate)

  • ₦1,560 to ₦1,570 per $1
  • Source: Street traders in Lagos, Abuja, Port Harcourt

Online Exchange Rate Platforms

  • ₦1,529 to ₦1,532 per $1
  • Source: ExchangeRate.guru, FX-Rate.net, Exchange-rates.org

USD to NGN Exchange Rates

Market Type Dollar to Naira Rate
Official (CBN) ₦1,525 – ₦1,534
Parallel (Black Market) ₦1,560 – ₦1,570
Online Average ₦1,529 – ₦1,532

Market Insights: What Is Driving the Naira Today?

TJ News Nigeria gathered that the Central Bank of Nigeria (CBN) has continued to implement monetary tightening and foreign exchange management policies to stabilise the naira. Recent foreign capital inflows into government securities and better oil revenue have helped support the official exchange rate.

However, scarcity of forex in the retail segment continues to drive up demand in the parallel market, leading to a significant gap between official and black market rates.


- Advertisement -

Historical Context: Naira Trends in 2025

  • January 2025: ₦1,495/$1 (official average)
  • March 2025: ₦1,570/$1 (parallel market peak)
  • May 2025: ₦1,607/$1 (record high for the year)
  • July 4, 2025: ₦1,530/$1 (official), ₦1,567/$1 (parallel)

According to data from ExchangeRate.guru, 1 USD is currently equivalent to ₦1,532,000, suggesting the Naira remains relatively stable compared to its May volatility.


Implications for Nigerians and Businesses

  • Importers and international students are still affected by higher black market rates due to limited access to official forex windows.
  • Remittance receivers may benefit from improved official rates when using regulated platforms.
  • Investors are closely monitoring forex policy clarity, especially ahead of Q3 economic reports.

Important Note for Currency Traders

Traders are advised to verify rates with credible Bureau de Change (BDC) operators and avoid illegal forex deals. Both the CBN and the EFCC have warned against speculation and hoarding of foreign currencies.


Expert Opinion

A Lagos-based currency analyst told TJ News Nigeria:

- Advertisement -

“The gap between the official and parallel rates reflects liquidity pressure, but we expect marginal improvement if the CBN sustains its FX reforms and oil receipts continue to rise.”

 

As of Friday, July 4, 2025, the Naira is trading at:

  • ₦1,525–₦1,534/$1 officially
  • ₦1,560–₦1,570/$1 in the black market

This divergence remains a key concern for monetary authorities. Nigerians are advised to rely on trusted sources and remain cautious when exchanging currencies.


Stay updated with TJ News Nigeria for daily Dollar to Naira rates, economic trends, and CBN policy updates. For reliable news and finance insights, follow us across our digital platforms.

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Verified by MonsterInsights