Black Market/CBN Exchange Rate Today, 4th June, 2025
The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as the black market, as of 4th June 2025, is N1,615 for 1 USD.
This rate is often sourced from the latest data provided by Bureau De Change (BDC) operators.
As of today, 4th June 2025, the black market buying rate for the US dollar is N1,605 while the selling rate is N1,615.
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 N1,581.58.
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 001 Release Date – Air Jordan 11 CMFT Low Black Dark Marina Blue – Air Jordan 5 Year of the Snake HF3183, the rates are considerably 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 Puma et Jeff Staple ont su nouer une solide relation durant ces dernières années , Buy & Sell Sneakers , AcmShops Marketplace 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. Persistent disparities highlight the pressure on the naira, forex supply constraints, and the struggles businesses and individuals air jordan 4 military blue 2024 face in sourcing foreign air jordan 4 mars blackmon 2024 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.
Sodiq Lawal is a passionate and dedicated journalist with a knack for uncovering captivating stories in the bustling metropolis of Osun State and Nigeria at large. He has a versatile reporting style, covering a wide range of topics, from politics , campus, and social issues to arts and culture, seeking impact in all facets of the society.
