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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
Insecurity: Gunmen abduct ex-Defence spokesperson Maj-Gen Rabe Abubakar, wife in Katsina
By Kayode Sanni-Arewa
Suspected bandits have kidnapped retired Major General Rabe Abubakar, former Director of Defence Information, and his wife on Matazu Road in Katsina State.
Security sources told PRNigeria that the couple was ambushed on Saturday morning, May 30, 2026, while travelling in a red Peugeot 504 saloon car.
The gunmen intercepted the vehicle and whisked the retired officer and his wife to an unknown location.
The driver escaped with gunshot wounds and is receiving treatment at a nearby hospital, a security source said.
The former DDI and his wife were waylaid by armed men on the route. The driver escaped with gunshot injuries and is receiving medical attention,” the source stated.
Security forces have launched search-and-rescue operations and deployed intelligence assets to track the abductors, according to the source. Official confirmation from the military was still pending at press time.
—Rising concern in Katsina—
The abduction comes amid persistent insecurity in parts of Katsina despite ongoing military operations against bandit groups in the North-West.
In recent years, several serving and retired security personnel have been targeted on highways linking Katsina to neighbouring states. PRNigeria reports that criminal groups now see high-profile individuals, including retired military officers, as lucrative targets.
Maj-Gen Abubakar served as Director of Defence Information and was one of the Nigerian military’s most visible spokespersons during the counterinsurgency campaign against Boko Haram.
The incident is expected to renew calls for stronger security along major highways and rural communities in Katsina, where residents continue to face kidnapping and banditry.
Credit :PRNigeria
News
Police nab two for attempted theft of two-week-old baby in Abia
Abia State Police Command has nabbed two suspects for conspiracy, attempted child theft and possession of hard drugs.
The Command which made this known on Saturday, named the suspects as Nzubechi Chinagorom and Chinonso Chibundu, indigenes of Olokoro, Umuahia South LGA of the Abia State.
In a statement signed by DSP Maureen Chinaka, the Police Public Relations Officer, the Command said its officers apprehended the suspects through actionable intelligence, in collaboration with Olokoro vigilante personnel.
She stated that the suspects went to the residence of one Miss Amarachi Chinyereugo and attempted to forcibly take away her two-week-old baby girl.
DSP Chinaka said that the Nzubechi Chinagorom allegedly stabbed the nursing mother with a kitchen knife during a struggle, causing the baby to fall and hit her head on ground.
The police spokesperson said that the two suspects fled from the scene and ran into a nearby bush on realizing that the nursing mother, Miss Amarachi Chinyereugo cried out for help.
She added that the suspects were later apprehended at a bus stop
where they had reportedly gone to take hard drugs.
“The mother and child were immediately rushed to the hospital, where they received treatment and have since recovered.
“The suspects were apprehended, exhibits were recovered and investigation has been conducted at the State Criminal Investigation Department (SCID). Suspects will be charged to court on 2/06/2026,” Chinaka said.
News
Former Labour Minister Ikenya wins Taraba PDP governorship primaries
Ex-Minister of Labour and Productivity, SellJoel Ikenya, has been declared winner of the governorship primaries conducted by the Tanimu Turaki-led faction of the Peoples Democratic Party, PDP, in Taraba State.
Mr Felix Hyat, the chairman of the election committee, who announced the results in Jalingo on Saturday, said Ikenya scored 34,173, to defeat Mr Dinshiya Usman, who polled 4,853.
Hyat, who described the exercise as free, fair and transparent, commended the state working committee of the party for the peaceful conduct.
Ikenya, in his acceptance speech, pledged to revive Taraba to her days of glory if elected governor in 2027.
“I will transform Taraba; I will change the state from salary base, to an industrialised state.
“My desire is to also revive the state infrastructure and attract more investors to boost the economy,” he said.
The governorship candidate, however, denied the allegations of factional PDP in Taraba.
“There is no factional PDP in Taraba; I don’t know where the other people are coming from.
“PDP in Taraba is one, and we do not have any faction in the state. We are working as one united family to reclaim our mandate from Gov. Agbu Kefas of the All Progressives Congress (APC),” he said.
The News Agency of Nigeria (NAN) reports that, the Nyesom Wike led faction of the party had recently declared senator Emmanuel Bwacha as its governorship candidate in Taraba.
NAN
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