The Dollar to Naira exchange rate in the black market continues to attract attention from Nigerians, importers, and investors monitoring currency fluctuations. On Friday, August 22nd, 2025, the naira saw slight movements against the U.S. dollar in the parallel market compared to the previous day.
According to dealers at Lagos and Abuja currency hubs, the exchange rates for today are as follows:
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Buying Rate: ₦1,545 per $1
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Selling Rate: ₦1,555 per $1
This means that if you are selling dollars, you will receive ₦1,545, while those buying dollars will pay ₦1,555.
How Much is Dollar to Naira Today in Black Market?
As of today, Friday, August 22nd, 2025, the black market exchange rate remains slightly lower than earlier in the week. Traders report increased demand for foreign currency ahead of weekend business transactions.
It is important to note that black market rates are usually higher than those published by the Central Bank of Nigeria (CBN), as the official market operates under regulated conditions.
For accurate real-time updates, Nigerians often rely on trusted financial news sources such as News About Nigeria and monitoring platforms like Aboki Forex, which provide daily updates on the dollar to naira exchange rate.
Why Naira Remains Volatile
Currency experts attribute the persistent gap between the official and black market rates to several factors, including:
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High demand for foreign exchange by importers and businesses.
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Limited dollar supply from official sources.
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Inflationary pressures and rising cost of living.
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Reduced foreign investments inflows.
Until Nigeria improves its foreign exchange reserves and addresses structural economic challenges, the naira is likely to remain under pressure in the black market.
Official vs. Black Market Rates
While the black market rate stands at ₦1,545/₦1,555 today, the CBN’s official exchange rate is typically lower. However, businesses and individuals often resort to the parallel market due to limited access to dollars at official windows.
Nigerians are therefore advised to always confirm rates before transactions to avoid losses and ensure transparency.
The dollar to naira exchange rate in the black market today, Friday, August 22nd, 2025, shows the buying rate at ₦1,545 and the selling rate at ₦1,555. With continuous economic uncertainties, monitoring both official and parallel market rates remains essential for businesses and individuals.
For daily updates, follow News About Nigeria for timely reports on the black market dollar to naira exchange rate and other financial news.
