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Naira Under Pressure as Dollar Soars to ₦1,605 on Parallel Market

As of today, June 20, 2025, the U.S. dollar is trading for as high as ₦1,605 on the black market in Lagos. In Abuja, it’s ₦1,600, and ₦1,590 in Kano.


Meanwhile, the official rate from the Central Bank of Nigeria (CBN) remains at ₦1,549.42, creating a widening gap that’s weighing heavily on the nation’s economy—and wallets.


Today’s Exchange Snapshot:


Source Rate per $1

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