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Dollar To Naira Exchange Rate Today, August 25, 2025.
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CBN rates range between ₦1,534 and ₦1,536.
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Rates may vary by location and among forex dealers.
The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to fluctuate in the parallel market, also known as the black market or Aboki FX.
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EKO HOT BLOG reports that according to reliable sources within the Bureau De Change (BDC) community in Lagos, the black market rates for Sunday, August 24, 2025, were as follows:
Black Market (Parallel Market) Exchange Rate
| Currency Pair | Buying Rate | Selling Rate |
|---|---|---|
| Dollar to Naira | ₦1,550 | ₦1,540 |
It is essential to note that the Central Bank of Nigeria (CBN) does not officially recognize or endorse transactions in the parallel market. The CBN encourages individuals and businesses to conduct foreign exchange transactions through licensed banks.
Meanwhile, official figures from the CBN on Sunday, August 24, 2025, indicate:
Official CBN Exchange Rate
| Currency Pair | Highest Rate | Lowest Rate |
|---|---|---|
| Dollar to Naira | ₦1,536 | ₦1,534 |
Experts caution that black market rates may differ across locations and dealers, and individuals should confirm prevailing rates before completing transactions.
