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Naira vs Dollar: Black Market Exchange Rate Update For 07/08/2025
Here is the black market exchange rate for the US Dollar to Nigerian Naira as of Tuesday, 6th August 2025. You can exchange your dollars for naira at the following rates:
Black Market (Aboki FX) Exchange Rate Today – 6th August 2025
According to Bureau De Change (BDC) sources in Lagos, the dollar is being bought at ₦1,550 and sold at ₦1,565 on the black market.
Important Note:
The Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market). It advises individuals seeking foreign exchange to use official banking channels.
Summary of Dollar to Naira Rates – 6th August 2025
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,550 | ₦1,565 |
| CBN Official | ₦1,528 | ₦1,537 |
Disclaimer: Exchange rates may vary slightly depending on the location and the trader you’re dealing with.
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