Economy
See Black market Dollar to Naira exchange rate
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The Naira continued to trade under pressure against the United States dollar in the parallel market on Sunday, August 31, 2025. Checks across Lagos and other key Bureau De Change (BDC) hubs revealed that the dollar exchanged at ₦1,545 for buying and ₦1,527 for selling in the black market, popularly called the Aboki FX market.
This figure indicates a wide disparity when compared with the official rates provided by the Central Bank of Nigeria (CBN). According to the CBN, the official exchange rate fluctuated between ₦1,534 (highest) and ₦1,525 (lowest) on the same day.
Why the Difference Between CBN and Black Market Rates?
The CBN has consistently warned Nigerians against patronizing the black market, stressing that it does not recognize the parallel exchange window. Instead, the apex bank directs individuals and businesses seeking foreign exchange to use authorized dealers and commercial banks.
Why the Difference Between CBN and Black Market Rates?
The CBN has consistently warned Nigerians against patronizing the black market, stressing that it does not recognize the parallel exchange window. Instead, the apex bank directs individuals and businesses seeking foreign exchange to use authorized dealers and commercial banks.
However, due to limited access to official forex supply, many Nigerians especially importers, students studying abroad, and travelers continue to rely heavily on the black market. This heavy demand often keeps black market rates significantly higher than the official benchmark.
Dollar to Naira Rates at a Glance
Black Market (Parallel Market):
Buying: ₦1,545
Selling: ₦1,527
Official CBN Window:
Highest Rate: ₦1,534
Lowest Rate: ₦1,525
What This Means for Nigerians
The widening gap between the black market and official rates has ripple effects on the economy. It pushes up the cost of imported goods, fuels inflation, and puts additional pressure on small businesses that rely on foreign raw materials. For ordinary Nigerians, the impact is felt in rising prices of essentials such as fuel, food items, and electronics.
Financial experts advise Nigerians who require foreign exchange for legitimate purposes to always go through the official banking system despite challenges in accessing forex, as the CBN continues its intervention programs to stabilize the naira.
Exchange rates may vary depending on the dealer and location. Rates quoted in this report reflect market findings as of Sunday, August 31, 2025, and are subject to change
The Black Market Dollar-to-Naira Exchange Rate for 1st July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 1st July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1390 on Wednesday, 1st July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1390
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1385
Lowest Rate ₦1376
Five states will receive $3 million each in performance-based grants under the World Bank-supported HOPE Governance Programme after meeting key requirements aimed at improving budget planning and transparency in the education and primary healthcare sectors.
The National Coordinator of the programme, Dr. Assad Hassan, announced this on Tuesday at a retreat in Abuja attended by Commissioners, Permanent Secretaries and Directors of Budget and Planning from the 36 states and the Federal Capital Territory.
He said the incentive payments, amounting to $27 million, are tied to the successful implementation of specific governance reforms verified by an independent assessment team engaged by the programme.
According to Hassan, Bayelsa, Borno, Kano, Kebbi and Yobe states emerged as the top performers after meeting two major reform targets relating to budget planning for basic education and primary healthcare. Each of the five states qualified for $1.5 million under each target, bringing their total reward to $3 million.
He explained that the reforms required participating states to introduce standard guidelines for preparing and submitting annual work plans for education and primary healthcare budgets within the prescribed timeline.
Nine states also qualified for another round of incentives after ensuring that their local governments adopted harmonised budget guidelines and a uniform chart of accounts.
The benefiting states are Adamawa, Bayelsa, Borno, Delta, Gombe, Kano, Plateau, Taraba and Yobe, with each receiving $500,000.
In another category, 15 states met the conditions for publishing their 2025 Citizens’ Budgets for basic education and primary healthcare, making them eligible for grants of $500,000 each.
The states are Abia, Bayelsa, Borno, Edo, Ekiti, Enugu, Imo, Jigawa, Kano, Kebbi, Kogi, Nasarawa, Ondo, Plateau and Yobe.
Hassan said many states were unable to benefit because they failed to complete the required reforms before the deadline, did not satisfy key assessment conditions or failed to make the required documents available on their official websites.
“The disbursement is based on the findings and recommendations of the Interim Independent Verification Agent, which assessed the performance of states in meeting the Year Zero Disbursement-Linked Indicators,” he said.
He noted that the programme had also identified weaknesses that slowed implementation in several states, particularly the absence of effective coordination among relevant government institutions, which affected ownership of the reforms and their long-term sustainability.
The National Coordinator disclosed that the second phase of the Year Zero verification exercise is expected to be completed by July this year.
He said preparations had already begun for a comprehensive capacity-building programme that would provide technical support to states to improve their performance in subsequent assessments.
According to him, the HOPE Governance Programme is designed to improve how public funds are managed in basic education and primary healthcare by promoting transparency, strengthening accountability and ensuring that money allocated to the two sectors is used more effectively.
He added that the programme also supports better planning and implementation of annual budgets while helping governments address shortages of teachers and primary healthcare workers through improved recruitment and deployment.
The HOPE Governance Programme is a $500 million initiative supported by the World Bank to strengthen financing, accountability and service delivery in Nigeria’s basic education and primary healthcare sectors across the federal, state and local government levels.
Dollar To Naira Exchange Rate
The Black Market Dollar-to-Naira Exchange Rate for 30th June 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 30th June 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1387 on Tuesday, 30th June, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1387
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1390
Lowest Rate ₦1377
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