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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th July 2025.
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CBN warns public against using unofficial forex channels.
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Bitcoin hits record $112,000 amid strong institutional demand.
The exchange rate between the US Dollar and Nigerian Naira at the black market, also known as the parallel market or Aboki FX, remains volatile as of Friday, 11th July 2025.
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EKO HOT BLOG reports that according to information gathered from Bureau De Change (BDC) sources in Lagos, the dollar is being bought at ₦1,540 and sold at ₦1,555 in the black market.
Black Market Exchange Rate (USD to NGN) – 11th July 2025
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Buying Rate: ₦1,540
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Selling Rate: ₦1,555
However, it is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the parallel market. The apex bank has advised individuals and businesses seeking foreign exchange transactions to approach their respective banks.
CBN Official Exchange Rate – 11th July 2025
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Highest Rate: ₦1,531
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Lowest Rate: ₦1,520
Please be aware that forex rates may vary depending on location, volume of transaction, and negotiating power, and may not be consistent with figures published in this report.
Bitcoin Update
In a related market development, Bitcoin surged to a new all-time high of $112,000 late Wednesday. The original cryptocurrency jumped by 3.1%, briefly touching $112,009 before correcting to $111,259. Analysts attribute the rally to increasing institutional interest and capital inflows from hedge funds, asset managers, and even pension funds.
“This isn’t just a trend anymore—it’s a full movement,” said a Lagos-based crypto analyst. “Traditional finance is embedding Bitcoin into long-term investment portfolios.”
FURTHER READING
- Dollar to Naira Rate Today, July 8, 2025 – Official/ Black Market
- APC Members Uneasy As Ogbara Avoids Endorsing Bada In Ikosi-Isheri
- President Tinubu Pays Tribute to Late Olubadan, Oba Olakulehin
