Dollar to Naira Rates: Official vs Black Market — 18 August 2025
Nigeria’s naira continues to face pressure on both the official and parallel markets as of Monday, 18 August 2025.
Here is today’s exchange rate snapshot:
| Market | USD to NGN Rate |
|---|---|
| Official (CBN) | ₦1,532.51 |
| Black Market | ₦1,539.24 |
Sources show the Central Bank of Nigeria (CBN) maintains its official rate at around ₦1,532.51 per US dollar, reflecting a modest decline from this week’s earlier high of ₦1,535.93.
On the parallel market, the dollar trades at approximately ₦1,539.24, slightly above the official rate yet significantly lower than figures from recent weeks.
The narrowing gap between official and street rates suggests a brief stabilization, although economic pressures persist.
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EKO HOT BLOG reports that the CBN, which has maintained its monetary policy rate at 27.50%, continues its cautious approach with the goal of further dampening inflation and restoring confidence in the naira.
While the black-market rate remains notably higher, the reduced spread may signal improving liquidity or potential policy signal effects.
Nonetheless, investors and consumers alike remain watchful, given the daily volatility typical of the Nigerian foreign exchange landscape.
