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Dollar to Naira Exchange Rate Today – July 20, 2025.
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CBN rate ranged between ₦1,528 and ₦1,536 officially.
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Forex demand remains high despite CBN’s restrictions on parallel market use.
The United States Dollar traded against the Nigerian Naira at the black market today, Saturday, July 20, 2025, with slight fluctuations in the parallel market as demand remains high.
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EKO HOT BLOG reports that according to reliable Bureau De Change (BDC) sources in Lagos, the dollar is being bought at ₦1,530 and sold at ₦1,540 on the black market. These figures remain consistent with rates observed in recent days, reflecting a tightly held range amid ongoing concerns over Nigeria’s foreign exchange stability.
Meanwhile, the Central Bank of Nigeria (CBN) has again reiterated that it does not recognize transactions conducted in the black market. The apex bank continues to encourage individuals and businesses seeking foreign exchange to do so through official banking channels, where rates are determined based on market dynamics.
Below is a summary of today’s exchange rates:
Dollar to Naira Exchange Rates – July 20, 2025
| Source | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,530 | ₦1,540 |
| CBN Official Rate | ₦1,528 | ₦1,536 |
It is important to note that the rates at which individuals buy or sell foreign currency may vary slightly based on location, volume, and negotiation.
Analysts believe that unless Nigeria significantly boosts its dollar inflow through exports and investments, pressure on the naira will persist, especially in informal forex markets.
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