The Nigerian naira saw a small improvement against the US dollar in the black market on Wednesday, June 25, 2025. It moved up from N1,595 on Tuesday to N1,590 per dollar.

In the official Nigerian Foreign Exchange Market (NFEM), the naira also gained slightly. It closed at N1,549 per dollar, showing a bit of strength.

The Central Bank of Nigeria (CBN) shared that the official exchange rate changed from N1,550 per dollar on Tuesday to N1,549 on Wednesday. That’s a one-naira increase.

Because of this, the difference between the black market and the official rate dropped. It went from N45 on Tuesday to N41 on Wednesday, meaning the two markets are getting a little closer in price.