As of Friday, July 25, 2025, the exchange rate for the U.S. dollar to the Nigerian naira in the Lagos parallel market (black market) stands at ₦1,535 per dollar for buying and ₦1,540 per dollar for selling, according to information gathered from Bureau De Change (BDC) sources.
Black Market (Aboki FX) Dollar to Naira Exchange Rate
| Dollar to Naira (USD/NGN) | Rate |
|---|---|
| Buying Rate | ₦1,535 |
| Selling Rate | ₦1,540 |
DisclaimThe Central Bank of Nigeria (CBN) does not officially recognize the parallel market, also known as the black market. The CBN has consistently advised individuals and businesses seeking foreign exchange to use official channels by approaching their respective commercial banks or authorized dealers.
Official CBN Dollar to Naira Rate – July 25, 2025
At the official window monitored by the Central Bank of Nigeria, the dollar-to-naira exchange rate ranged as follows:
| Dollar to Naira (USD/NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,536 |
| Lowest Rate | ₦1,534 |
Please note that actual rates at which forex is bought or sold may differ from those listed above, depending on your location, the dealer, and the volume of the transaction.
The gap between the black market and official rates continues to highlight Nigeria’s ongoing currency challenges, with many individuals and businesses still relying on informal channels due to limited access to forex through official sources.
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