Dollar to Naira exchange rate forecast for June 13, 2025

DDM News

The exchange rate between the Nigerian Naira and the US Dollar remains volatile across official and parallel markets.

Diaspora Digital Media (DDM) reports that, as of Friday, June 13, 2025, data from the FMDQ Securities Exchange shows the Naira closed at ₦1584.00 per $1 on the official market.

This figure represents the rate at the Investors and Exporters (I&E) forex window, where the Naira had traded as strong as ₦1536.00 to the dollar on Thursday.

The marginal depreciation reflects ongoing pressure on Nigeria’s foreign exchange reserves and market liquidity constraints.

While the Central Bank of Nigeria (CBN) continues reforms aimed at stabilizing the currency, market participants have expressed concern about the Naira’s sustainability against the dollar.

In the black market, also known as the Aboki FX market, the Naira is trading at significantly higher rates, with some sources reporting figures above ₦1600 per dollar, depending on the region and demand.

The widening gap between official and parallel market rates highlights persistent issues such as dollar scarcity, speculative demand, and limited foreign investment inflows.

Economic analysts suggest that the government’s ongoing efforts to unify exchange rates have not yet fully addressed underlying structural challenges.

Experts urge policymakers to intensify efforts in diversifying the economy and increasing dollar inflows through exports, diaspora remittances, and foreign investments.

Traders and consumers continue to feel the impact of exchange rate instability on import prices, inflation, and general purchasing power.

As of now, stakeholders are watching to see whether the CBN will introduce further interventions to strengthen the Naira in the coming weeks.

DDM will continue to monitor Nigeria’s currency trends and provide timely updates.

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