Dollar to Naira Black Market Exchange Rate Today, Friday, June 27th 2025

The Nigerian Naira gained slightly against the United States Dollar in the black market today, Friday, June 27th, 2025, offering modest relief to businesses and individuals who rely on the parallel market for foreign exchange.

After weeks of steady depreciation, this minor improvement reflects a short-term adjustment driven by a slight easing in demand and moderate supply inflows.

According to black market currency dealers in Lagos, Abuja, Kano, and Port Harcourt, the Dollar to Naira black market exchange rate today is:
Buying Rate: ₦1,570 per $1
Selling Rate: ₦1,580 per $1

This marks a ₦20 drop from earlier rates this week, providing some optimism that pressures on the Naira could ease, at least in the near term.

How Much Is Dollar to Naira Today in Black Market?

For many Nigerians, the question “how much is Dollar to Naira today in black market?” is top of mind every day as they navigate international transactions, import payments, travel, and tuition fees.

As of today, Friday, June 27th, 2025, the Dollar is being bought at ₦1,570 and sold at ₦1,580 in the black market. These rates can vary slightly depending on transaction size, bargaining power, and location, but they represent the average street rate across Nigeria’s major parallel market hubs.

For verified updates and real-time black market movements, platforms like Naijaonpoint and Aboki Forex remain trusted sources, while the Central Bank of Nigeria (CBN) provides official benchmarks for the regulated market.

Dollar to Naira: Black Market vs. Official CBN Rate

While the black market remains the main source of forex for many Nigerians, the Central Bank of Nigeria (CBN) continues to guide the official Dollar to Naira exchange rate, which is still lower than parallel market figures.

As of today, the CBN official rate sits between ₦1,550 and ₦1,565 per dollar, depending on the approved window and transaction type. However, access to the official rate is highly restricted, with tight documentation requirements that most individuals and small businesses struggle to meet.

This supply gap is why the black market remains the most accessible option for forex buyers, even though it often comes at a premium compared to the official rate.

Why the Black Market Rate Remains Strong

Despite today’s modest gain for the Naira, several fundamental factors keep the black market active and relevant:

• Limited Official FX Access: Strict CBN allocations mean only select sectors can access dollars through formal banking channels.

• Heavy Import Dependence: Nigeria’s economy still relies heavily on imported goods, sustaining daily dollar demand.

• Inflationary Pressures: As inflation continues to weaken the Naira’s purchasing power, people convert their savings to dollars to preserve value.

• Remittance Flows: Diaspora remittances often enter Nigeria through informal channels where black market rates are more favorable.

• Speculation: Ongoing uncertainty about policy direction encourages hoarding and speculative buying of the Dollar.

Until these structural challenges are resolved, the black market will continue to reflect the real pressure points in Nigeria’s currency environment.

Naira Outlook for Coming Weeks

While today’s slight appreciation may offer relief, analysts remain cautious. Nigeria’s foreign exchange market still faces supply-side constraints, low oil revenue performance, and investor wariness. Without significant inflows, improved reserves, or structural forex reforms, the Dollar to Naira exchange rate will likely remain volatile.

To track daily movements, informed Nigerians rely on platforms like Naijaonpoint for in-depth economic updates, monitor parallel market rates on Aboki Forex, and consult the CBN for official rates and policy statements.

Conclusion

For Friday, June 27th, 2025, the Dollar to Naira black market exchange rate is:

• Buying: ₦1,570 per dollar

• Selling: ₦1,580 per dollar

While this improvement signals a moment of stability, Nigeria’s forex landscape remains fragile. With the gap between the official and black market rates persisting, most Nigerians continue to rely on the parallel market for foreign exchange needs.