Black Market USD Hits Record High – Naira Takes Another Hit On July 8

Check out the black market (parallel market) exchange rate for the U.S. Dollar to Nigerian Naira as of Monday, July 7, 2025. Below are the rates at which you can exchange your dollars for naira:

Black Market Dollar to Naira Rate Today

According to Bureau De Change (BDC) sources in Lagos, the exchange rate at the parallel market on July 7, 2025, is as follows:

• Buying Rate: ₦1,550 per $1

• Selling Rate: ₦1,565 per $1

Note: The Central Bank of Nigeria (CBN) does not recognize the black market and has advised individuals seeking foreign exchange to do so through official banking channels.

Official CBN Dollar to Naira Rate Today

• Highest Rate: ₦1,531

• Lowest Rate: ₦1,520

Please be aware that actual forex rates may vary depending on location, volume, and negotiation.