See latest exchange rates as US dollar crashes by N48

• The worth of the dollar has erstwhile crashed against the naira successful some authoritative and unofficial overseas speech markets
• The latest speech complaint question for naira pursuing the involution from the Central Bank of Nigeria
• The naira's show successful the past fewer weeks has besides been helped by President Trump's actions

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The United States dollar has depreciated erstwhile again successful the overseas speech marketplace arsenic the naira gains much ground.

New information from the Central Bank of Nigeria showed that the naira successful the Nigerian Foreign Exchange Market (NAFEM) closed astatine N1,537 connected Friday, June 28.

Dollar worth successful forex marketplace crashes Photo credit: Nurphoto
Source: Getty Images

The latest complaint represented a N6 oregon 0.38% quality erstwhile compared to the erstwhile day’s worth of N1,543/$1.

During trading connected Friday, participants quoted the highest complaint for dollar astatine N1,547 and the lowest complaint N1,535

Naira vs pound, euro

It was nevertheless a antithetic communicative for the naira against lb and euro.

Data shows that naira depreciated against the lb sterling successful the aforesaid marketplace conception connected Friday by N5.40 to merchantability astatine N2,112.29/£1, compared to Thursday’s N2,106.89/£1,.

Nigerian currency besides mislaid N8.15 against the euro to settee astatine N1,805.67/€1, down from N1,797.52/€1 the erstwhile day.

Here is large currencies exchange rate connected Friday, June 27

• CFA: N2.72
• Yuan/Renminbi: N214.61
• Danish Krone: N241.95
• Euro: N1805.68
• Yen: N10.64
• Riyal: N410.40
• South African Rand: N86.33
• Swiss Franc: N1925.73
• Pounds Sterling: N2112.29

CBN involution successful forex marketplace and dollar mediocre show successful planetary marketplace has helped make stableness for naira Photo credit: CBN
Source: UGC

Naira speech complaint astatine the achromatic market

At the parallel marketplace window, besides known arsenic the achromatic market, the naira continues to enactment strong.

Abdullahi a BDC trader told Legit.ng that the naira has accrued successful worth by N48 since the start of June 2025.

According to him the dollar was sold astatine the commencement of June astatine N1,620 speech rates which has present dropped to N1,572.

He said:

"The naira has improved importantly this month. On Friday I sold the dollar astatine N1,572 portion I bargain astatine N1,560. In the commencement of June a dollar was prized astatine astir N1,620."For the euro connected Friday we sold astatine N1,800 and bought astatine N1,785. The Pound sterling sells astatine N2,150 and is bought astatine N2,130."

CBN intervene successful forex market

Earlier, Legit.ng reported Nigeria’s overseas speech reserves accrued somewhat by $12.06 cardinal to $38.36 billion, aft falling for 9 consecutive weeks.

Nigeria’s overseas speech reserves dropped continuously for 33 days, losing implicit $1.3 billion.

The CBN’s interventions successful the forex marketplace added much strain connected the reserves, which are already nether unit from overseas indebtedness payments and little lipid revenues.

However, the caller flimsy summation successful reserves has provided immoderate relief, helping the naira fortify against the dollar and different large currencies successful some authoritative and parallel markets.

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Source: Legit.ng