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SEE Dollar To Naira Black Market Exchange Rate Today, 9 July 2025
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By Kayode Sanni-Arewa
Looking for the dollar to naira black market rate today? As of Wednesday, 9 July 2025, here’s the latest update on the parallel market (also known as Aboki FX) exchange rate in Nigeria.
According to verified Bureau De Change (BDC) sources in Lagos, the black market opened at:
Buying Rate: ₦1,580 per $1
Selling Rate: ₦1,585 per $1
These figures reflect the demand-driven nature of the naira to dollar exchange rate on the black market, which can fluctuate multiple times daily based on forex availability and economic sentiments.
Key Point:
The dollar to naira exchange rate at the black market is unofficial and typically higher than the Central Bank of Nigeria (CBN) rate, due to limited forex supply from official channels.
*Official CBN Dollar to Naira Exchange Rate Today – 9 July 2025*
If you’re checking the official exchange rate for USD to NGN, here’s what the Central Bank of Nigeria (CBN) reported:
Buying Rate: ₦1,575 per $1
Selling Rate: ₦1,580 per $1
The CBN discourages participation in the black market and urges all forex transactions to go through authorized banks and licensed financial institutions.
Note About Black Market Rates
The black market
(Aboki FX) rate is unregulated and can vary based on location, dealer, and volume of transaction. It’s crucial to:
Stay updated with real-time exchange rates
Confirm the rate with your local dealer before transacting
Exercise caution to avoid scams
*How to Find a Trusted Dollar to Naira Black Market Dealer*
Engaging in currency exchange outside official channels carries some risk. Here are tips for safely exchanging dollars on the black market:
Use reputable dealers with a known track record.
Always ask for a written receipt during the exchange.
Know the current market rate to avoid being underpaid.
Avoid exchanging large sums in one transaction unless you’re certain of the dealer’s credibility.
*What Influences the Dollar to Naira Rate on the Black Market?*
Several factors play a role in the rise or fall of the USD to NGN black market rate, including:
Supply and demand for foreign currency
Economic and political stability in Nigeria and the U.S.
Global oil prices, which influence Nigeria’s forex earnings
Speculation and market sentiment
News
Wike Slams Cardinal Onaiyekan over Alleged Political Bias in 2023 Elections
Federal Capital Territory (FCT) Minister Nyesom Wike has challenged the impartiality of Cardinal John Onaiyekan, accusing the Archbishop Emeritus of Abuja of taking sides during the 2023 general election.
Speaking during a media parley on Tuesday, Wike addressed the recent clash between the Presidency and Onaiyekan following the Catholic Bishops’ Conference of Nigeria’s (CBCN) closed-door meeting with President Bola Tinubu.
After the meeting, Onaiyekan publicly suggested that aides were painting a “rosy picture” for the President while he remained focused on 2027—a statement the Presidency criticized as an abuse of privilege.
Wike argued that religious leaders undermine their credibility when their commentary is purely negative.
While acknowledging that constructive criticism is valid, the minister insisted that leaders must also recognize government achievements to remain objective.
He said while it was appropriate to criticise the government where necessary, leaders should also recognise areas where progress had been made.
“If a religious leader is seen taking a side, it becomes difficult for people to see their comments as helpful. Onaiyekan’s political leanings in 2023 were not hidden.
“I am aware of the position of Cardinal Onaiyekan; all of us know, it’s not hidden, whom he supports; everybody knows that”.
“It’s not every time you say things are bad; nobody has heard you say the government has done this well.
“The point I am trying to make is that, as a leader, commend the government when it has done well in certain areas; criticise but acknowledge areas of progress ‘but you should improve in these other areas.”
He concluded that consistent, one-sided criticism naturally leads the government to view such remarks as politically motivated rather than objective advice.
“It’s not every time you say things are bad; nobody has heard you say the government has done this well”, Wike said.
News
President Tinubu should provide primary and secondary school details–ADC chieftain, Kalu
African Democratic Congress (ADC) chieftain Kalu Kalu has challenged President Bola Ahmed Tinubu to publicly provide details of the primary and secondary schools he attended following the release of presidential candidates’ personal particulars and credentials by the Independent National Electoral Commission (INEC) ahead of the 2027 general election.
Speaking on Channels Television’s Politics Today on Monday, August 3, 2026, Kalu queried the educational information submitted by the President, arguing that Nigerians deserve a clearer account of his academic background.
The ADC chieftain said his concerns were based on details contained in the nomination documents submitted to INEC, which he claimed raised fresh questions about Tinubu’s educational history.
President Tinubu’s failure to include details of his primary and secondary school education in the educational qualifications section of his INEC documents has sparked renewed public discussion over his academic records.
Kalu also referred to documents allegedly submitted by Tinubu during the 2022 election cycle, claiming that the President listed a National Youth Service Corps (NYSC) certificate among his credentials. He questioned the name and details contained in the document, alleging that they required further clarification.
According to him, the issues surrounding the President’s academic records should be addressed publicly to ensure transparency.
“Even in 2022, in the INEC document he submitted, he claimed he had a National Youth Service Corps (NYSC) certificate. And the name on that certificate was Bola Adekunle Tinubu. So where did he get ‘Adekunle’ from? He claimed he graduated, but the certificate was forged,” Kalu said.
The claims have added to ongoing public debate over the educational qualifications and eligibility of political candidates ahead of the 2027 presidential election.
News
Wike: Tinubu Only Leader With Courage to Fix Nigeria Now
Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has declared that President Bola Tinubu remains the only credible leadership option for Nigeria, insisting that no other potential presidential contender has demonstrated the courage or capacity to confront the country’s long-standing economic challenges.
Speaking at his monthly media briefing on Tuesday in Abuja, Wike defended Tinubu’s economic reforms, particularly the removal of petrol subsidy, describing the decision as the boldest taken by any Nigerian president in decades.
According to him, while the reforms have imposed temporary hardship on Nigerians, they have strengthened the finances of state governments, improved infrastructure funding and ended the era when states depended on bank loans to pay workers’ salaries.
“Asiwaju is the only person we have now. He has not done everything, and nobody says he has, but he has shown the courage to take decisions others refused to take. Give him credit for that,” Wike said.
The minister argued that Nigerians should not expect an economy weakened over many years to recover within a short period.
“When problems have accumulated for over 15 years, people expect them to be solved in one year. It doesn’t work that way. Healing takes time, but it will happen,” he said.
Wike described the fuel subsidy regime as “a cancer,” recalling that as governor, he had to rely on bank borrowing to meet salary obligations because of declining allocations to states.
“The fuel subsidy consumed over ₦3 trillion at a time. Today, states receive more money. Pensioners are being paid, governors no longer queue before bank managers to borrow money just to pay salaries, and there are more resources for infrastructure,” he said.
He maintained that leadership is defined by the willingness to make difficult decisions rather than by popular sentiment.
“Everybody agreed that subsidy was a scam, but no president had the political will to remove it. President Tinubu took that decision. No decision is 100 per cent perfect, but leadership is about taking responsibility,” he added.
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