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Dollar To Naira Exchange Rate Today – August 15, 2025
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CBN rate stands between ₦1,533 and ₦1,535
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Experts warn gap fuels speculation and currency weakness
The Nigerian currency remained under pressure in the parallel market on Thursday, August 14, 2025, as the exchange rate for the US dollar closed at ₦1,560 for buying and ₦1,568 for selling, according to Bureau De Change (BDC) operators in Lagos.
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EKO HOT BLOG reports that the figure represents continued volatility in the foreign exchange market, with demand for the dollar still outpacing supply. Currency traders attributed the rate to heightened demand from importers, travellers, and individuals seeking to preserve value amid inflationary pressures.
At the official market, data from the Central Bank of Nigeria (CBN) showed the dollar trading between ₦1,533 and ₦1,535, reflecting a significant gap between official and black market rates. The CBN has repeatedly cautioned Nigerians against patronising the parallel market, urging those who need foreign currency to approach their banks or licensed forex dealers.
Economic analysts say the widening disparity between both markets continues to encourage speculative trading, further weakening the naira.
They stressed that without a sustained inflow of foreign exchange from exports, diaspora remittances, and foreign investments, the pressure on the currency is unlikely to ease.
Today’s Rates:
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Black Market (Parallel) Rate: ₦1,560 (buy), ₦1,568 (sell)
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CBN Rate: ₦1,533 – ₦1,535
Rates may vary depending on location, dealer, and transaction size.
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