Naira Under Pressure? Latest Dollar Exchange Rate Sparks Fresh Market Reactions

Are you looking for the latest Dollar to Naira exchange rate in the black market, commonly referred to as the parallel market or Aboki FX?....KINDLY READ THE FULL STORY HERE▶

Below are the prevailing exchange rates for the U.S. dollar against the Nigerian naira as of Saturday, July 25, 2026. These rates reflect prices quoted by Bureau De Change (BDC) operators in the Lagos parallel market.

Black Market Dollar to Naira Exchange Rate

This means that black market traders are buying one U.S. dollar at ₦1,406 and selling it at ₦1,415.

CBN Official Dollar to Naira Rate

According to the Central Bank of Nigeria (CBN), the official exchange rates are as follows:

The CBN continues to maintain that it does not recognise the parallel (black) market for foreign exchange transactions. Individuals and businesses seeking to buy or sell foreign currency are advised by the apex bank to use authorised financial institutions.

It is important to note that foreign exchange rates are subject to change and may differ from one location or dealer to another. As a result, the rate at which you buy or sell dollars may vary from the figures quoted above.