The Nigerian Naira opened the week on a relatively stable note against the United States Dollar in the black market today, Monday, June 30th, 2025.
After a series of modest fluctuations last week, today’s rate suggests the Naira is holding steady amid persistent foreign exchange pressure and limited official dollar supply.
Currency dealers across major parallel market hubs in Lagos, Abuja, Kano, and Port Harcourt report that the Dollar to Naira black market exchange rate today is:
Buying Rate: ₦1,560 per $1
Selling Rate: ₦1,570 per $1
This ₦10 spread shows that while demand for dollars remains high, informal supply has helped keep rates steady going into the final trading day of the month.
How Much Is Dollar to Naira Today in Black Market?
A top search for many Nigerians every day is, “how much is dollar to naira today in black market?” This is especially relevant for importers, students, families paying tuition abroad, and small businesses that need to settle international transactions.
As of Monday, June 30th, 2025, the Dollar to Naira black market rate is ₦1,560 per dollar for buying and ₦1,570 per dollar for selling. These rates can vary slightly depending on the trader, the city, and the size of the transaction but remain consistent on average.
For accurate daily updates, economic analysis, and verified parallel market rates, trusted platforms like Investors King and Aboki Forex remain reliable sources. The Central Bank of Nigeria (CBN) also publishes official benchmark rates daily for reference.
Dollar to Naira: Black Market vs. Official CBN Rate
While the black market is still the most accessible option for everyday foreign exchange transactions, the Central Bank of Nigeria (CBN) maintains a significantly lower official Dollar to Naira exchange rate.
As of today, the CBN’s official rate remains within ₦1,550 to ₦1,560 per dollar, depending on the transaction type and approved sectors. However, strict documentation requirements, limited dollar allocations, and controlled supply mean many individuals and businesses cannot access dollars at this rate. This supply gap continues to push people to the parallel market, despite the higher cost.
Why the Black Market Remains Critical
Despite the Naira’s slight stability, key factors continue to fuel demand for the black market:
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Restricted Access to Official FX: The CBN’s limited supply and strict requirements make it difficult for many to get official dollars.
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Import-Heavy Economy: Nigeria relies heavily on imports, which keeps dollar demand high daily.
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Weak Purchasing Power: With high inflation, many Nigerians convert savings to dollars to protect value.
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Diaspora Remittances: Informal channels offer better rates, encouraging many to bypass official remittance options.
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Speculation: Traders and businesses hoard dollars anticipating further depreciation of the local currency.
Until Nigeria improves its dollar inflows through higher exports, foreign investment, and robust policy reforms, the black market will continue to reflect the true street rate for the Dollar to Naira.
Naira Outlook for July
Today’s calm opening suggests short-term stability, but analysts remain cautious as new demand pressures could build once businesses and traders fully resume post-month-end adjustments. The Central Bank’s efforts to close the gap between the official and parallel market rates through policy tightening and reforms are ongoing, but results have been mixed so far.
To stay informed on daily forex trends, verified rates, and economic insights, visit Investors King. For real-time black market rates, check Aboki Forex. For official benchmarks and policy directions, refer to the CBN.
Conclusion
For Monday, June 30th, 2025, the Dollar to Naira black market exchange rate is:
₦1,560 per dollar for buying
₦1,570 per dollar for selling
With the Naira still under pressure and the gap between the official and parallel market rates unchanged, the black market remains the main source of foreign exchange for most Nigerians.
