-
Dollar to Naira Exchange Rate Today, August 10, 2025.
-
CBN official rate ranges between ₦1,532 and ₦1,536.
-
Forex prices vary based on location and market demand
The naira traded at mixed rates against the United States dollar today, with notable differences between the official and black market rates.
EDITOR’S PICKS
- Lagos PDP Inaugurates Screening Committee Ahead of State Congress
- North Needs Unity Not Infrastructure – APC Chieftain
- INEC Rejects ADC’s David Mark-Led Caretaker Committee
EKO HOT BLOG reports that at the Lagos Parallel Market, also known as the black market, dealers bought the dollar at ₦1,560 and sold at ₦1,550 on Saturday, August 9, 2025, according to Bureau De Change (BDC) sources. The rates, however, may vary depending on location and market conditions.
The Central Bank of Nigeria (CBN) maintains that it does not recognise black market transactions, advising individuals seeking foreign exchange to use official banking channels.
At the official CBN window, the dollar traded at rates between ₦1,532 and ₦1,536 to the naira.
Dollar to Naira Exchange Rates – August 10, 2025
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,560 | ₦1,550 |
| CBN Rate | ₦1,532 | ₦1,536 |
It is important to note that the black market rate often remains higher than the official rate due to demand pressures and limited foreign exchange supply in the official market.
Traders advise buyers and sellers to confirm rates before transactions, as forex prices can change rapidly within a single day depending on supply, demand, and policy decisions.
