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The Nigerian Naira showed slight appreciation against the United States Dollar on Monday, June 30, 2025, amid continuing efforts by the Central Bank of Nigeria (CBN) to stabilise the forex market and improve liquidity across official and parallel market segments.
TJ News Nigeriareports that the exchange rate opened today with the Naira trading at ₦1,543.74 per US dollar in the official market, marking a marginal gain from last week’s average of ₦1,548.00. This development reflects cautious optimism among traders and investors ahead of the third quarter of 2025.
Read Also : Dollar to Naira Exchange Rate Today, Friday, June 27, 2025
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Naira Shows Signs of Recovery
Market data from forex tracking platforms such as ExchangeRate.guru and CBN’s authorized dealers show that:
- Today’s exchange rate: ₦1,543.74 per USD
- Previous close (Friday, June 27): ₦1,546.90
- Month start (June 1): ₦1,588.26
- Change since month start: ₦44.52 gain (2.88%)
This improvement in the Naira’s value is largely attributed to increased oil revenues, foreign exchange interventions by the CBN, and lower demand for forex for imports due to seasonal factors.
Black Market Rate Still Diverges
Despite gains in the official market, the black market (parallel market) continues to show a different trend. As of this morning:
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- Black Market Rate (Lagos): ₦1,590 – ₦1,620 per dollar
- Bureau De Change (BDC) rate: ₦1,580 – ₦1,600 per dollar
TJ News Nigeria gathered that while the official rate is stabilising, street traders in major cities like Lagos, Abuja, and Port Harcourt report increased scarcity of USD, leading to slightly higher rates.
Interbank and I&E Window Performance
The Investors and Exporters (I&E) window, which facilitates large volume transactions between exporters, investors, and importers, traded within the band of ₦1,540 – ₦1,555 today.
Foreign exchange inflows into the I&E window have improved marginally, according to CBN data, following reforms introduced earlier this year, including unification of rates and lifting some import restrictions.
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Global Factors Driving USD/NGN Rates
Several international trends are impacting Nigeria’s forex outlook:
- Oil prices: Brent crude hovers around $87 per barrel, bolstering Nigeria’s reserves
- US Fed rates: Interest rate stability in the U.S. has kept the dollar relatively strong
- Geopolitical shifts: Regional unrest and commodity supply chain disruptions influence forex flow
- Diaspora remittances: Inflows from abroad have risen in the last quarter, supporting Naira demand
What This Means for Nigerians
- Importers may experience lower landing costs for foreign goods
- Exporters may face reduced margins with a stronger Naira
- Travellers and students abroad still face high parallel market costs
- Businesses are advised to rely on official FX windows for better rates and transparency
CBN’s Ongoing Reforms
The Central Bank has continued to enforce key policy measures to curb volatility, including:
- Limiting cash-based dollar transactions
- Increasing scrutiny on FX hoarding
- Licensing additional Bureau de Change operators
- Encouraging digital dollar remittance channels
These reforms, analysts say, are gradually restoring investor confidence and reducing currency speculation.
Expert Insight
Dr. Ifeanyi Okonkwo, an economist at the University of Abuja, said:
“The steady recovery of the Naira reflects improvements in oil earnings and renewed confidence in the CBN’s monetary reforms. However, until Nigeria diversifies forex sources and boosts non-oil exports, the gains may be short-lived.”
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Summary of Dollar to Naira Rates (June 30, 2025)
| Market Segment | Rate (₦/USD) |
|---|---|
| CBN Official Rate | ₦1,543.74 |
| I&E FX Window | ₦1,540 – ₦1,555 |
| Black Market (Lagos) | ₦1,590 – ₦1,620 |
| BDC Rate (Avg.) | ₦1,580 – ₦1,600 |
Final Notes
As June ends, Nigerians are hopeful that the current trend of Naira appreciation continues into Q3. However, much depends on sustained oil earnings, monetary discipline, and reduced demand for speculative forex transactions.
TJ News Nigeria will continue to monitor and provide daily updates on the Dollar to Naira exchange rate across all market segments.
For real-time updates, visit TJ News Nigeria
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