As of yesterday, Saturday, August 2, 2025, the exchange rate of the United States dollar to the Nigerian naira in the black market commonly referred to as the Lagos Parallel Market shows that one dollar is being bought at ₦1,550 and sold for ₦1,555.
This information comes from traders operating at various Bureau De Change (BDC) centers across Lagos.
Important Notice:
The Central Bank of Nigeria (CBN) does not officially recognize transactions carried out in the parallel (black) market. Nigerians looking to engage in foreign exchange (forex) activities are advised to utilize licensed financial institutions such as banks or approved forex dealers for transparency and regulatory compliance.
Black Market (Aboki) Dollar to Naira Rates – August 2, 2025
| Transaction Type | Black Market Rate (₦) |
|---|---|
| Buying Rate | ₦1,550 |
| Selling Rate | ₦1,555 |
Official CBN Dollar to Naira Rates – August 2, 2025
| Transaction Type | CBN Exchange Rate (₦) |
|---|---|
| Highest Rate | ₦1,535 |
| Lowest Rate | ₦1,532 |
Please Note:
Exchange rates may differ slightly depending on location, demand, transaction volume, and negotiation with traders. Whether you’re buying or selling forex, it is always advisable to confirm the most recent rates from reliable sources before proceeding with any currency exchange.
