Dollar to Naira Exchange Rate Today, Wednesday, June 11, 2025 as NGN Gains Strength

Naira Appreciates Slightly Against US Dollar Amid Forex Market Stability

Dollar to Naira Exchange Rate Today, Wednesday, June 11, 2025 as NGN Gains shows a sustained appreciation of the Nigerian Naira against the US Dollar. The exchange rate in both official and parallel markets reflects a slight but positive movement, boosting hopes for further currency stability.

TJ News Nigeria gathered that the official exchange rate stood at ₦1,545.97 per $1 on Wednesday, June 11, 2025, the same rate maintained in the last trading session. This indicates an improvement over recent weeks as confidence returns to the forex market.

Dollar to Naira Exchange Rate Today: Key Details

• Official Market Rate (CBN/NFEM): ₦1,545.97 = $1

• Black Market (Parallel) Rate: ₦1,550 – ₦1,570 = $1

• Recent Trend: Naira appreciation by over ₦56.68 in the last 30 days

• Average Rate (Previous Month): ₦1,599–₦1,605 = $1

According to foreign exchange data monitored by TJ News Nigeria, the appreciation trend has been attributed to improved dollar supply, rising crude oil revenues, and effective Central Bank of Nigeria (CBN) intervention.

Why Is the Naira Gaining?

Several key factors are driving the Dollar to Naira Exchange Rate Today, Wednesday, June 11, 2025 as NGN Gains:

• Crude Oil Earnings: Increased global crude oil prices have bolstered Nigeria’s foreign reserves.

• CBN Forex Reforms: The Central Bank’s aggressive reforms in clearing forex backlogs and curbing speculative transactions have helped stabilize the market.

• Diaspora Remittances: Continued inflow of remittances from Nigerians abroad is strengthening foreign reserves.

• Reduced Dollar Demand: More Nigerian businesses are sourcing local alternatives for production, reducing demand for foreign exchange.

A currency trader in Lagos told TJ News Nigeria, “The Dollar to Naira rate today shows that demand for dollars is down slightly, which is helping the Naira hold steady at around ₦1,550 to ₦1,570 per Dollar in the black market.”

What This Means for Nigerians

• Importers: Reduced costs for sourcing foreign goods and raw materials.

• Students Abroad: Slight relief in tuition and upkeep remittances.

• Businesses: Slight easing of forex pressure on manufacturing and trade.

• Travelers: Improved rates for purchasing travel allowances and Personal Travel Allowance (PTA).

However, experts have cautioned that sustained appreciation of the Naira will depend on Nigeria’s ability to diversify its economy and boost non-oil exports in the long term.

Central Bank of Nigeria’s Position

The CBN has reaffirmed its commitment to achieving exchange rate convergence, eliminating multiple forex windows, and enhancing market confidence. The apex bank has also continued security operations to clamp down on illegal currency trading in major Nigerian cities.

A senior financial analyst told TJ News Nigeria, “The Dollar to Naira Exchange Rate Today, Wednesday, June 11, 2025 as NGN Gains is a good development, but consistency is key if the currency is to stabilize sustainably.”

Global Market Factors

While the Nigerian Naira gains locally, the US Dollar has maintained strength globally due to the US Federal Reserve’s recent interest rate hikes. This global strength of the Dollar could present future challenges for the Naira, depending on oil prices and Nigeria’s fiscal policies.

Parallel Market Outlook

Despite the gains, the black market rate still hovers between ₦1,550 and ₦1,570, creating a slight disparity with the official market. Analysts expect this gap to narrow if the CBN’s forex reforms continue successfully in the coming months.

TJ News Nigeria will continue to provide daily updates on the Dollar to Naira Exchange Rate Today, Wednesday, June 11, 2025 as NGN Gains, along with other key financial developments affecting Nigerians.