- Dollar to Naira Exchange Rate Today, 23rd August 2025
- CBN official rate today stood between ₦1,534 and ₦1,536.
- Forex demand continues to keep the Naira under pressure nationwide.
The exchange rate between the United States Dollar and the Nigerian Naira remains a major concern for businesses and individuals across the country. Today, 23rd August 2025, the black market (also known as the parallel market) recorded new figures as foreign exchange demand continues to mount.
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EKO HOT BLOG reports that according to traders at the Lagos Parallel Market, the Dollar is being bought at ₦1,555 and sold at ₦1,550. This represents the rate at which Bureau De Change (BDC) operators are transacting with customers in cash exchanges.
Meanwhile, at the official market, the Central Bank of Nigeria (CBN) maintained tighter controls. The official rates for today stand at ₦1,536 at the highest and ₦1,534 at the lowest. The CBN has repeatedly warned against patronising the parallel market, urging Nigerians to conduct foreign exchange transactions only through authorized banks.
Below are today’s exchange rates:
Dollar to Naira Black Market Rate (23rd August 2025)
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | ₦1,555 |
| Selling Rate | ₦1,550 |
Dollar to Naira CBN Rate (23rd August 2025)
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,536 |
| Lowest Rate | ₦1,534 |
It is important to note that rates may vary depending on location and trader. Individuals are advised to confirm rates before carrying out transactions.
