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Black Market: Dollar To Naira Exchange Rate – 3rd August 2025 Update
Check out the parallel market (black market) exchange rate for the U.S. Dollar to Nigerian Naira as of August 2, 2025. Below are the rates at which you can exchange dollars for naira on the streets.....KINDLY READ THE FULL STORY HERE▶
Black Market Exchange Rate (Lagos – Saturday, August 2, 2025):
According to Bureau De Change (BDC) sources, the dollar is bought at ₦1550 and sold at ₦1555 in the Lagos black market.
⚠️ Note: The Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals seeking foreign exchange to go through official banking channels.
Today’s Exchange Rates (August 2, 2025)
| Market | USD to NGN | Buying Rate | Selling Rate |
|---|---|---|---|
| Black Market | ₦ | 1550 | 1555 |
| CBN Official Rate | ₦ | 1532 – 1535 | — |
Disclaimer: Exchange rates may vary depending on location and demand. Always confirm rates with your dealer before making transactions.
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