According to the CBN and Nairametrics, the naira appreciated slightly to ₦1,545/$ at the official market on Friday, June 21, 2025, but weakened to ₦1,605/$ on the parallel market. This tug of two currents widened the exchange rate gap as traders responded to oil gains and falling inflation.
- Official rate improved to ₦1,545/$, up from ₦1,546/$ the previous day.
- Black market rate closed at ₦1,605/$, down from ₦1,590/$ on Monday.
- External reserves fell daily, ending the week at $37.713 billion.
- Inflation eased to 22.97% in May, offering signs of stability.
- Global oil prices rose following renewed conflict fears in the Middle East.
In this tug of two currents, which rate feels more real, what’s printed or what’s paid?
Source: CBN, Nairametrics, NBS
