- Black Market Dollar To Naira Exchange Rate Today 18th July 2025.
- Naira continues to struggle as forex scarcity worsens nationwide.
- CBN maintains official rate, but black market remains dominant option.
The exchange rate between the naira and the United States dollar continues to fluctuate at the parallel market, as Nigeria’s currency weakens further amid persistent forex supply challenges.
According to Bureau De Change (BDC) sources in Lagos, the black market rate for Thursday, July 17, 2025, shows that the dollar is being bought at ₦1,540 and sold at ₦1,545 per $1.
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EKO HOT BLOG reports that this comes as pressure mounts on the naira, with many Nigerians turning to the black market for foreign exchange due to limited access at official bank rates.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the black market (also called the parallel market or Aboki FX). The apex bank insists that all foreign exchange transactions be routed through authorized financial institutions.
However, the reality for most businesses and individuals in need of forex remains the same—resorting to the black market due to unavailability at banks.
See the exchange breakdown below:
| Dollar to Naira Exchange Rate – July 17, 2025 | Rate (₦) |
|---|---|
| Black Market Buying Rate | ₦1,540 |
| Black Market Selling Rate | ₦1,545 |
| CBN Highest Rate | ₦1,538 |
| CBN Lowest Rate | ₦1,520 |
The rates may vary slightly depending on location and demand. Experts have warned that unless forex supply improves, pressure on the naira is likely to persist.
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