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Dollar To Naira Black Market Rate Today, 14th September 2025.
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CBN rate trades between ₦1498 and ₦1503 officially.
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Forex scarcity continues to widen the gap between both markets.
The naira continues to face pressure against the United States dollar as many Nigerians turn to the black market for foreign exchange.
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EKO HOT BLOG reports that traders in Lagos and Abuja confirmed that the parallel market remains active despite Central Bank of Nigeria (CBN) warnings against patronising it.
Dollar to Naira Exchange Rates Today
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1522 | ₦1506 |
| CBN Official Window | ₦1498 | ₦1503 |
According to Bureau De Change (BDC) operators, a dollar is being bought at ₦1522 and sold at ₦1506 in the black market. The CBN rate, however, remains slightly lower, trading between ₦1498 and ₦1503.
Analysts say the gap between both markets highlights Nigeria’s forex supply challenges and the persistent demand for dollars, especially for imports, business, and travel. While the CBN urges individuals to use official banking channels, access remains limited, pushing many Nigerians to seek alternatives in the informal market.
It is important to note that exchange rates vary depending on location and dealer, meaning individuals may buy or sell at slightly different prices than reported.
