The Nigerian naira maintained volatility against the United States dollar in the parallel market today, Sunday, August 10, 2025.
Findings from Bureau De Change (BDC) operators in Lagos show that in the black market also referred to as the Aboki FX market traders were buying the dollar at ₦1,550 and selling at ₦1,540.
However, it is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market. The apex bank maintains that all legitimate foreign exchange transactions should be carried out through authorized financial institutions such as commercial banks.
Dollar to Naira Black Market Rates
Transaction |
Rate |
|---|---|
| Buying | ₦1,550 |
| Selling | ₦1,540 |
Dollar to Naira CBN Rates – August 10, 2025
| Indicator | Rate |
|---|---|
| Highest Rate | ₦1,536 |
| Lowest Rate | ₦1,532 |
Why the Rates Differ
The exchange rate in the black market often differs from the official CBN rate due to supply and demand pressures, foreign exchange scarcity, and market speculation. While the CBN works to stabilize the naira through official channels, the parallel market typically reflects more immediate market realities, albeit outside regulatory oversight.
Important Advisory
Exchange rates can vary significantly depending on location, time of transaction, and the individual dealer. Prices may differ from the figures published here as they are subject to rapid changes influenced by global oil prices, international market trends, and Nigeria’s foreign reserve levels.
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