Dollar to Naira Rate Today, July 8, 2025 - Official/ Black Market- Ekohotblog

Dollar to Naira Rate Today, July 8, 2025.
Black market dollar trades at ₦1,615 amid persistent forex shortages.
₦80 spread highlights forex demand pressures and naira volatility.

On July 8, 2025, the Nigerian naira traded with marked differences between the official and parallel markets.

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EKO HOT BLOG reports that according to data from Recruitment Note, the Central Bank of Nigeria (CBN) official exchange rate is around ₦1,528.6–₦1,529.6 per U.S. dollar . This reflects ongoing efforts by the CBN to stabilize the foreign exchange market. In stark contrast, the black-market (Aboki FX) rate saw the dollar buy at ₦1,610 and sell at ₦1,615 in Lagos, a significant premium over the official rate driven by persistent demand pressures.

Here’s a breakdown of key rates:

Market Segment	Buying Rate (₦)	Selling Rate (₦)
CBN Official	1,528.6	1,529.6
Black Market (Aboki FX)	1,610	1,615

Despite consistent policy interventions, forex liquidity remains tight, forcing many Nigerians and businesses to resort to the parallel market, where rates are considerably less favorable.

Analysts note that while the official window offers a fixed and regulated rate, the real market sentiment and liquidity stress show up in the Aboki FX rates every day. The difference between the two rates now sits at around ₦80, underlining the extent of dollar scarcity and market strain.

Market watchers advise using licensed banks and authorized forex dealers when possible, even if the official rate may lag behind the parallel market. The naira’s trajectory will continue to be a focal point for Nigeria’s economic recovery and external competitiveness.