The Nigerian Naira opened the week steady against the United States Dollar in the black market today, Monday, June 30th, 2025, maintaining its slight weekend gains as traders and buyers await new signals from the official window.
Despite ongoing pressure on Nigeria’s foreign exchange reserves, today’s rate suggests some stability in the parallel market heading into a new month.
According to currency dealers in Lagos, Abuja, Kano, and Port Harcourt, the Dollar to Naira black market exchange rate this morning stands at:
Buying Rate: ₦1,560 per $1
Selling Rate: ₦1,570 per $1
This shows the Naira holding steady as informal market supply and demand appear balanced for now.
How Much Is Dollar to Naira Today in Black Market?
A top query for many Nigerians remains, “how much is dollar to naira today in black market?” especially for those paying tuition fees abroad, settling import invoices, or funding business trips.
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 figures represent the average across major parallel market hubs but can vary slightly based on location, volume, and bargaining strength.
For accurate daily updates and reliable market news, visit News About Nigeria. For real-time parallel market rates, check Aboki Forex, and for the official benchmark rate, refer to the Central Bank of Nigeria (CBN).
Dollar to Naira: Black Market vs. Official CBN Rate
While the black market remains the easiest option for many individuals and small businesses to get dollars, the Central Bank of Nigeria (CBN) continues to guide the official exchange rate much lower.
As of today, the CBN’s official Dollar to Naira rate is between ₦1,550 and ₦1,560 per dollar, depending on transaction category and approved sectors. However, limited official allocations, stringent documentation, and low supply mean the majority of everyday buyers are left with no choice but to rely on the black market to meet their forex needs.
Why the Black Market Remains the Main Option
Despite slight stability, structural issues ensure the parallel market remains active. Core factors include:
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Restricted Official Dollar Access: Most individuals cannot meet CBN documentation and sector restrictions.
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Import-Heavy Economy: Daily import requirements keep demand for dollars high.
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Inflation and Weak Naira Confidence: Many Nigerians hedge against the weakening local currency by holding dollars.
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Informal Remittances: Diaspora inflows often bypass official channels because black market rates are better.
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Speculation: Traders hoard dollars expecting further depreciation, squeezing supply.
Until Nigeria achieves stronger dollar inflows from non-oil exports and foreign investment, the black market will remain the dominant driver of the practical exchange rate for retail forex transactions.
Outlook for the Naira
The Naira’s stability today reflects cautious trading ahead of fresh official policy signals, oil earnings reports, and possible CBN interventions. Analysts say without significant improvements in dollar liquidity, the Dollar to Naira rate in the black market will likely remain under pressure.
Businesses and individuals are advised to track reliable sources for updates. For daily market insights, visit News About Nigeria. For real-time street rates, check Aboki Forex. For official exchange rates and policy news, follow the CBN.
Conclusion
For Monday, June 30th, 2025, the Black Market Dollar to Naira exchange rate is:
₦1,560 per dollar for buying
₦1,570 per dollar for selling
This week opens with the Naira holding its ground, but Nigeria’s persistent forex challenges mean the black market will continue to play a key role for importers, students, travelers, and businesses needing quick access to dollars.
Stay ahead of forex updates with News About Nigeria, follow daily parallel market rates on Aboki Forex, and monitor the CBN for official rates and monetary policy decisions.
