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Black Market Dollar To Naira Exchange Rate Today 29th August, 2025.
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Official CBN rate stands at ₦1,536.49 per dollar.
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Forex volatility continues as rates differ across markets.
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EKO HOT BLOG reports that according to nairatoday.com, the exchange rate across multiple cities like Lagos, Abuja, Port Harcourt, and Kano is:
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Buying rate: ₦1,535 per USD
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Selling rate: ₦1,550 per USD
Official (CBN / I&E) Rate:
The Central Bank of Nigeria’s rate—as monitored via the “Open Exchange Rates”—is ₦1,536.49 per USD as of Wednesday, August 27, 2025. Although this isn’t the 29th, it’s the most recent official figure available.
Summary Table
| Market | Date | Buying Rate | Selling Rate |
|---|---|---|---|
| Black Market (Aboki) | Aug 29, 2025 | ₦1,535 | ₦1,550 |
| Official (CBN / I&E) | Aug 27, 2025 | — | ₦1,536.49 |
Key Insights:
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There is a slight premium on the black market, where the dollar sells at ₦1,550, compared to the official rate of ₦1,536.49.
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This divergence reflects Nigeria’s ongoing currency volatility and premium on non-official trading outlets.
Let me know if you’d like historical comparisons or commentary on what’s driving these rate differences.
