In light of persistent worries about foreign exchange liquidity and investor sentiment in Africa’s largest economy, the Nigerian naira is still under pressure against the US dollar as of Friday, July 25, 2025.
There have been no significant gains or recoveries from the previous week, and both the official and parallel market rates exhibit slight variations.
The Central Bank of Nigeria (CBN) recently released the following data under the Nigerian Foreign Exchange Market (NFEM) framework: ₦1,535.24 per USD. This rate is the most recent official benchmark that is currently available, having been last updated on Monday, July 22, 2025. Financial institutions that adhere to CBN clearance, importers using Form M, and official government transactions are usually subject to the NFEM rate.
The parallel market rate as of July 25, 2025, as noted in several commercial centres, including Lagos, Abuja, Kano, and Onitsha, is:
BrandSpur banking and finance news desk reports that the buying rate is ₦1,525 per USD, and the selling rate is ₦1,540 per USD.
Online black market trackers and reliable bureau de change operators are the sources of these rates.
