The Nigerian Naira remained stable against the United States Dollar in the black market on Thursday, June 26th, 2025, maintaining the same rate recorded the previous day.
This stability reflects a relatively calm forex trading environment amid consistent demand and slightly improved informal supply levels.
According to traders across major currency exchange hubs including Lagos, Abuja, Kano, and Port Harcourt, the Dollar to Naira black market exchange rate today is:
Buying Rate: ₦1,580 per $1
Selling Rate: ₦1,590 per $1
The consistency in rates signals a temporary equilibrium in the parallel market, though underlying pressure on the Naira persists due to continued demand for foreign exchange and limited official access.
How Much Is Dollar to Naira Today in Black Market?
The question, “how much is dollar to naira today in black market?” remains highly relevant for Nigerians transacting internationally or dealing with forex needs. As of Thursday, June 26th, 2025, the Dollar to Naira rate in the black market stands at ₦1,580 for buying and ₦1,590 for selling.
These rates are reflective of informal market averages and may fluctuate slightly based on dealer location and transaction volume. For real-time data and daily updates, News About Nigeria and Aboki Forex remain the go-to sources for black market rates.
Dollar to Naira: Black Market vs. Official CBN Rate
While the black market continues to serve as the primary source for foreign exchange among individuals and small businesses, the Central Bank of Nigeria (CBN) maintains an official exchange rate significantly lower than the parallel market.
As of today, the CBN official rate for the Dollar to Naira hovers between ₦1,570 and ₦1,580. However, due to tight supply controls and documentation requirements, access to this official rate is often limited to a small segment of the market.
The disparity between the black market and official rates highlights the persistent inefficiencies in Nigeria’s forex system and the need for broader reform.
Key Factors Influencing Black Market Rates
Several economic and structural dynamics continue to influence the Naira’s value in the black market:
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Restricted Forex Supply: The limited availability of dollars through official channels drives users to the informal market.
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High Demand from Importers and Individuals: With Nigeria’s import-heavy economy, demand for dollars remains consistently high.
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Inflationary Pressures: As inflation erodes the value of the local currency, many Nigerians turn to the dollar as a store of value.
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Diaspora Remittance Preferences: Many Nigerians abroad prefer sending money through informal routes due to higher parallel market rates.
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Market Sentiment and Speculation: Anticipation of further devaluation prompts hoarding and speculative buying.
Until Nigeria’s foreign exchange framework is stabilized, the black market will continue to reflect the true state of currency demand and supply.
Economic Outlook
Analysts maintain a cautious outlook for the Naira in the weeks ahead. Although today’s rate remains stable, structural challenges—such as declining oil revenues, capital flight, and inflation—continue to exert long-term pressure on the currency.
For sustainable stability, Nigeria must boost dollar inflows through non-oil exports, attract foreign direct investment, and strengthen confidence in monetary policy. Without these measures, fluctuations in the black market will persist.
To stay ahead of daily forex trends and economic developments, follow News About Nigeria. For up-to-date black market prices, visit Aboki Forex. For official rate updates and policy announcements, check the CBN.
Conclusion
For Thursday, June 26th, 2025, the Black Market Dollar to Naira exchange rate is:
₦1,580 per dollar for buying
₦1,590 per dollar for selling
The Naira remains under close watch as currency traders and businesses assess market movements. While today’s stability is welcome, forex pressures continue to loom over Nigeria’s economy.
