Black Market/CBN Exchange Rate Today, 10th June, 2025
The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 10th June 2025, is N1,590 for 1 USD.
This rate is often sourced from the latest data provided by Bureau De Change (BDC) operators.
As of today, 10th June 2025, the black market buying rate for the US dollar is N1,585, while the selling rate is N1,590.
Given the volatility of the black market, exchange rates fluctuate throughout the day, influenced by economic conditions, speculative trading, and government fiscal and monetary policies. In contrast to the black market, the Central Bank of Nigeria (CBN) maintains an official exchange rate. Today, the CBN rate for one dollar is N1,553.11.
For other major currencies in the black market:
British Pound Sterling (GBP): Buying at ₦2,090 selling at ₦2110
Euro (EUR): Buying at ₦1,780, selling at ₦1,800
Chinese Yuan (CNY): Buying at ₦219, selling at ₦219.43
On the official CBN platform, the rates are considerably Nike Pegasus 41: The Next Generation - nike air mags mens limited edition - nike flyknit racer black white yellow caterpillar lower:
GBP: Buying at N2,129.10, selling at N2,130.43
EUR: Buying at N1,817.39, selling at N1,818.52
CNY: Buying at N219.29, selling at N219.43.
For the Saudi Riyal (SAR), the official rate stands at N426.12 for buying and N426.12 for selling.
Cryptocurrency Exchange Rates
Beyond traditional forex, cryptocurrency prices continue to fluctuate. As of this report:
Bitcoin (BTC) is valued at NGN152.3M per BTC, with ₦1 equivalent to 0.000000078BTC.
Ethereum (ETH) trades at NGN 2.9M per ETH, with ₦1 equivalent to 0.00000034ETH.
Implications of Exchange Rate Disparities
The gap between the official and parallel market rates underscores the challenges in Nigeria’s forex system nike monster sb green red light hair color, Украина #142909159, elastico nike air max 90 futura valentines day, кроссовки женские найк аир макс 90 , кроссовки женьше найк эир макс — цена 2400 грн в каталоге Кроссовки ✓ Купить женские вещи по доступной цене на Шафе. Persistent disparities highlight the pressure nike air force 1 07 black cool grey racer blue white on the naira, forex supply constraints, and the struggles businesses and individuals face in sourcing foreign currency for legitimate transactions.
Foreign exchange rates also vary across commercial banks and international money transfer operators.
These discrepancies create arbitrage opportunities but also pose serious challenges for businesses reliant on stable forex access. Addressing these fluctuations and fostering stability remains a key priority for policymakers in Nigeria.
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