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Dollar to Naira Exchange Rate for July 19, 2025.
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Official CBN rate ranges between ₦1,528 and ₦1,536.
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Forex transactions are advised through banks as CBN disapproves black market.
The exchange rate between the US Dollar and the Nigerian Naira at the black market, also known as the parallel market, continues to reflect the ongoing volatility in Nigeria’s forex space.
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EKO HOT BLOG reports that according to reports from currency traders at the Lagos Parallel Market (popularly called Aboki FX), the Dollar is being bought at ₦1,530 and sold for ₦1,540 as of today, Saturday, July 19, 2025. This represents no significant change from Friday’s rate.
Traders caution that while this is the average rate in Lagos and other key cities, rates may vary slightly based on location and volume of the transaction.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the black market and has directed all forex transactions to be conducted through regulated financial institutions.
Meanwhile, the official CBN exchange rate for the Dollar stood at a high of ₦1,536 and a low of ₦1,528 today.
Below is a summary of today’s rates:
Dollar to Naira Exchange Rates – July 19, 2025
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Black Market (Aboki) | ₦1,530 | ₦1,540 |
| Market Source | Highest Rate | Lowest Rate |
|---|---|---|
| CBN Rate | ₦1,536 | ₦1,528 |
Please be aware that rates may vary across locations and traders. Always verify before making any forex transactions.
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