- Dollar To Naira Exchange Rate Today, 24th August 2025
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CBN rate stands between ₦1534 and ₦1536 per dollar today.
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Forex rates vary by location despite official and parallel market figures.
The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to draw attention as businesses and individuals closely monitor fluctuations in both the official and black market rates.
Dollar to Naira Exchange Rates – Sunday, 24th August 2025
| Dollar to Naira (USD to NGN) | Black Market Rate | CBN Official Rate |
|---|---|---|
| Buying Rate | ₦1555 | ₦1534 |
| Selling Rate | ₦1550 | ₦1536 |
At the Lagos Parallel Market, also known as the black market or Aboki FX, traders on Saturday quoted the exchange rate at ₦1555 per dollar for buying and ₦1550 per dollar for selling, according to Bureau De Change (BDC) operators.
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EKO HOT BLOG reports that the official Central Bank of Nigeria (CBN) rate stood at ₦1534 to ₦1536 per dollar, slightly lower than the black market rate. The CBN continues to maintain its position of not recognizing parallel market transactions, urging individuals and businesses to access foreign exchange through authorized banks.
The gap between the black market and official rates remains a concern for economic stability, as importers, travelers, and small businesses often rely on the parallel market for faster access to foreign currency. Analysts warn that the persistent disparity could continue to drive inflationary pressures, particularly on imported goods and services.
Forex traders advise the public to confirm rates before carrying out transactions, as exchange prices may vary across different states and trading points.
