The Dollar to Naira black market exchange rate remains a key focus for businesses, investors, and individuals in Nigeria. As of 12th March 2025, the Naira continues to experience fluctuations due to forex demand, supply constraints, and regulatory policies.
According to reports from traders in Lagos and other major cities, the current Dollar to Naira black market rate is:
- Buying Rate: ₦1,561 per $1
- Selling Rate: ₦1,585 per $1
How Much is Dollar to Naira Today in Black Market?
Many Nigerians turn to the black market exchange rate due to difficulties in accessing dollars through official forex channels. The Dollar to Naira rate fluctuates daily, impacted by factors such as inflation, foreign exchange reserves, and government interventions.
For real-time updates and expert financial insights, visit News About Nigeria, Aboki Forex, and CBN. These platforms provide accurate exchange rate information and updates on Nigeria’s forex market trends.
Factors Influencing the Black Market Exchange Rate
- Forex Demand & Supply – The high demand for dollars by importers, businesses, and travelers continues to drive fluctuations.
- Inflation & Economic Policies – Rising inflation and economic instability affect the Naira’s strength.
- CBN Interventions – Restrictions on forex access and regulatory measures impact black market rates.
- Foreign Investments – Capital inflows or outflows influence Naira valuation against the Dollar.
Dollar to Naira Exchange Rate Outlook
The future of the Naira in the black market depends on how the Central Bank of Nigeria (CBN) manages forex reserves, stabilizes inflation, and implements forex policies. The persistent gap between the official and black market rates raises concerns about forex stability.
For daily updates on the Dollar to Naira black market exchange rate, visit News About Nigeria, Aboki Forex, and CBN.
