See latest naira to dollar exchange rate as CBN MPC member predicts new rate

• The speech complaint of the dollar successful the achromatic marketplace has depreciated against the Nigerian currency
• The driblet successful the achromatic marketplace complaint for the dollar present means the naira has moved person to convergence
• CBN Monetary Policy subordinate has shared his expectations connected marketplace show by the extremity of the year

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

The worth of the United States dollar against the naira has depreciated successful the unofficial overseas speech markets.

Legit.ng spoke to respective Bureau de Change operators, who confirmed that the dollar is present astir selling beneath N1,500.

Dollar worth has dropped successful Black markets Photo credit: Bloomberg/contributor
Source: Getty Images

Abudulahhi, a BDC trader astatine Ajao Estate Road successful Lagos, told Legit.g that the worth of the naira since the commencement of July has dropped by implicit N50 successful the achromatic market.

He said:

"The dollar buying complaint is N1,518, portion the selling complaint is N1,530. Previously, the buying complaint for a dollar was N1,590.The euro sells astatine N1,765, and we bargain astatine N1,745. The British lb sterling is selling astatine N2,100, with a buying complaint of N2,070."

The naira moved closer to convergence connected Monday, appreciating further successful the achromatic marketplace arsenic overseas speech (FX) inflows roseate importantly to $1.31 cardinal week-on-week, mostly driven by overseas portfolio capitalist (FPI) participation, BusinessDay reports.

Naira speech complaint successful the authoritative market

The naira besides stays beardown against the US dollar successful the authoritative Nigerian Foreign Exchange Market (NFEM).

According to data from the CBN connected Monday, July 21, 2025, the naira closing speech complaint to the dollar remained astatine N1,535, the aforesaid complaint successful the erstwhile trading session.

However, the naira depreciated against the British pound, losing N6.86 to commercialized astatine N2,066.94/£1, down from Friday’s complaint of N2,060.08/£1.

Similarly, it weakened against the euro by N4.99, settling astatine N1,790.01/€1 from the erstwhile complaint of N1,785.02/€1.

Naira is getting stronger successful the Nigerian overseas speech market Photo credit: Bloomberg/contributor
Source: Getty Images

Here is the latest speech rates published by the CBN

Based connected the CBN’s published rates, present is simply a breakdown of the naira’s show against different overseas currencies successful the NAFEM market.

• CFA: N2.71
• Chinese Yuan (Renminbi): N213.54
• Danish Krona: N239.79
• Euro: N1,790.01
• Japanese Yen: N10.40
• Saudi Riyal: N408.53
• South African Rand: N86.41
• Swiss Franc: N1,918.80
• British Pound Sterling: N2,066.94

CBN MPC subordinate predicts caller speech rate

Earlier, Legit.ng reported that Murtala Sagagi, a subordinate of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), has projected that the naira would admit to N1,450 per US dollar by the extremity of 2025.

He stated this successful a communique released connected the Central Bank of Nigeria’s website for the MPC’s May meeting.

He explained that the efforts of the monetary and fiscal authorities volition assistance stabilise the worth of the Nigerian currency successful the overseas speech markets.

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Source: Legit.ng