Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th July 2025

What’s the Current Dollar to Naira Exchange Rate in the Black Market (Aboki FX)?

Here is the black market exchange rate for the U.S. Dollar to Naira as of Tuesday, July 23, 2025. These are the rates at which you can exchange dollars for naira today:

Black Market Dollar to Naira Exchange Rate – July 23, 2025

According to sources within the Bureau De Change (BDC) in Lagos:

• Buying Rate: ₦1,535

• Selling Rate: ₦1,540

Please note: These rates reflect the parallel (black) market, also referred to as Aboki FX. The Central Bank of Nigeria (CBN) does not recognize this market and advises individuals seeking foreign exchange to approach commercial banks instead.

Official CBN Dollar to Naira Rate – July 23, 2025

• Highest Rate: ₦1,537

• Lowest Rate: ₦1,530

It’s important to understand that exchange rates can differ slightly depending on location, dealer, and demand. The figures provided above are based on market averages.

In Other News: BUA Group Moves to Cut Cement Prices Through Self-Generated Power

Meanwhile, BUA Group Plc has revealed plans to generate its own electricity to power its operations—especially its cement factories—in a bid to reduce energy costs and ultimately lower cement prices for Nigerian consumers.

Speaking during the company’s Annual General Meeting (AGM) at the Transcorp Hilton in Abuja, Chairman Abdul Samad Rabiu stated:

“We are spending too much of our income on power generation in a country that still battles inconsistent electricity supply.”

He announced that BUA has signed a 70MW power deal with Wärtsilä OY (Finland) for its Sokoto Line 4 cement plant, as well as a 20MW gas-powered agreement with Green Power International.

These initiatives are expected to enhance BUA’s energy self-sufficiency, reduce production costs, and improve shareholder value.