- Dollar to Naira: August 4, 2025 (Black Market/ Official Rate).
- Parallel market quotes range ₦1,550–₦1,565 per dollar.
- Rate gap persists amid forex scarcity and high demand.
The official Central Bank of Nigeria (CBN) interbank rate is estimated around ₦1,534 per US dollar, continuing a mild depreciation trend from prior weeks . This reflects stability in the official market, where rates have fluctuated modestly between ₦1,530 and ₦1,540 in recent trading days
Meanwhile, the parallel or black‑market rate for USD stands significantly higher. Reports indicate a buy rate of approximately ₦1,550 per dollar, while sellers are quoting up to ₦1,565 for each USD.
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EKO HOT BLOG reports that this rate gap continues to highlight persistent forex tightness and strong demand outside official windows.
In narrative form, here’s a “table‑style” summary in text:
-
Official interbank rate: ₦1,534 per USD
-
Parallel market buy rate: ₦1,550 per USD
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Parallel market sell rate: ₦1,565 per USD
Market context
The divergence between official and parallel rates reflects ongoing liquidity constraints and elevated demand for foreign currency in the informal sector. While the CBN rate remains relatively stable, parallel traders continue to exploit discrepancies, leading to premium pricing.
The CBN’s monetary policy—marked by a maintained benchmark interest rate of 27.5 %—has aimed to curb inflation and stabilise foreign exchange liquidity. Indeed, inflation has eased to around 22.2% as of June, offering some relief to exchange‑rate pressures.
Despite these efforts, the naira remains under strain in unofficial markets due to supply limitations.
