- Dollar to Naira Exchange Rate Today – 2nd July 2025.
- CBN official rates today range between ₦1,521 and ₦1,531 per dollar.
- CBN warns Nigerians to use banks for official forex transactions.
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has continued to fluctuate as traders adjust to daily supply and demand.
Dollar to Naira Black Market Rate – 2nd July 2025
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EKO HOT BLOG reports that according to reports from Bureau De Change (BDC) operators in Lagos, the dollar was bought at ₦1,570 and sold at ₦1,575 per dollar on Tuesday, 2nd July 2025.
This is the prevailing rate at the Lagos Parallel Market, though rates may slightly vary in other cities.
Black Market (Aboki Fx) Rates:
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | ₦1,570 |
| Selling Rate | ₦1,575 |
CBN Official Dollar to Naira Rate – 2nd July 2025
The Central Bank of Nigeria (CBN) continues to maintain a controlled rate. As of today, the official rates are as follows:
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,531 |
| Lowest Rate | ₦1,521 |
It is important to note that the Central Bank of Nigeria does not recognise transactions conducted in the black market. The apex bank has advised individuals and businesses to carry out foreign exchange transactions through official channels such as banks.
Please be aware that the rates you buy or sell dollars may differ slightly from those listed, as prices vary based on market fluctuations and negotiation.
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