- Dollar to Naira Black Market Exchange Rate Today – 30th August 2025
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CBN window closed between ₦1,525 and ₦1,534 on same day.
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CBN urges Nigerians to avoid parallel market for forex deals.
The naira opened mixed against the United States dollar on Saturday, August 30, 2025, as different rates were recorded across the parallel market and the Central Bank of Nigeria (CBN) window.
At the Lagos parallel market, also known as the black market, Bureau De Change (BDC) operators bought the dollar at ₦1,545 and sold at ₦1,522, according to market sources.
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EKO HOT BLOG reports that at the CBN’s official window, the dollar exchanged at a highest rate of ₦1,534 and a lowest of ₦1,525.
The CBN has consistently maintained that the parallel market is unregulated and should not be relied upon for official transactions. It advises individuals and businesses seeking foreign exchange to use approved financial institutions. Despite this, many Nigerians continue to depend on the black market due to limited access to forex through commercial banks.
Traders also noted that exchange rates may vary slightly depending on location and volume of transactions, meaning not all buyers and sellers may secure the same price across the country.
Black Market Exchange Rate (30th August 2025)
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Buying Rate: ₦1,545
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Selling Rate: ₦1,522
CBN Official Exchange Rate (30th August 2025)
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Highest Rate: ₦1,534
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Lowest Rate: ₦1,525
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