Naira remained under pressure against its global counterparts as economic uncertainties continued to impact the local currency.
In the parallel market popularly known as the black market, the United States Dollar was sold at N,1750 while the same was acquired for N1,750. See other details below.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) |
Black Market Exchange Rate Today |
| Selling Rate |
N1740 |
| Buying Rate |
N1750 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) |
CBN Rate Today |
| Selling Rate |
N1657 |
| Buying Rate |
N1658 |
Meanwhile, the Federal Government has disclosed that it has proposed N47.9 trillion as the total expenditure in the 2025 budget.
The Minister of Budget and Economic Planning, Atiku Bagudu, made this known on Thursday.
According to Bagudu, the decision was arrived at the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu.
Bagudu said that the council also approved the medium-term expenditure framework (MTEF) for 2025-2027.
The Minister submitted that the government at the centre pegged the crude oil benchmark at $75 per barrel and oil production at 2.06 million barrels per day (bpd).
