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Dollar to Naira Exchange Rate Today, 5th July 2025.
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CBN rates range between ₦1,526 and ₦1,530 per dollar today.
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Rates may vary across dealers and transaction volumes.
The Dollar to Naira exchange rate at the black market, popularly known as the parallel market or Aboki FX, remains a key reference point for many Nigerians seeking to buy or sell foreign currency outside official banking channels.
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EKO HOT BLOG reports that according to information gathered from Bureau De Change (BDC) operators in Lagos on Friday, July 5, 2025, the exchange rate at the parallel market shows that one US dollar is bought at ₦1,535 and sold at ₦1,555.
Despite the popularity of the black market, the Central Bank of Nigeria (CBN) does not recognize transactions conducted in the parallel market. The apex bank has consistently directed individuals and businesses to conduct all foreign exchange dealings through authorized banks and official channels.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate |
|---|---|
| Buying Rate | ₦1,535 |
| Selling Rate | ₦1,555 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Official Exchange Rate |
|---|---|
| Highest Rate | ₦1,530 |
| Lowest Rate | ₦1,526 |
It is important to note that rates may vary depending on location, dealer, and volume of transaction. Rates provided in this report are based on sources within the Bureau De Change network in Lagos.
The gap between the black market and official CBN rates continues to attract individuals to the parallel market despite regulatory warnings.
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