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“Naira Faces New Low: Black Market Dollar Rate Soars To ₦1610”

Published

8 months ago

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nigerian naira 16

Check the latest black market (parallel market) rates for exchanging US Dollars to Nigerian Naira. These rates reflect what Bureau De Change (BDC) operators in Lagos are currently offering.

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Black Market Dollar to Naira Rate for 31st August 2025:

  • Buying Rate: ₦1,545

  • Selling Rate: ₦1,527

This means Lagos BDC operators purchase a dollar at ₦1,545 and sell at ₦1,527 on Sunday, 31st August 2025, according to industry sources.

⚠️ Important: The Central Bank of Nigeria (CBN) does not recognize the black market. Anyone interested in foreign exchange should transact through official banks.

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Central Bank of Nigeria (CBN) Dollar to Naira Rate Today:

  • Highest Rate: ₦1,534

  • Lowest Rate: ₦1,525

Please note that forex rates may vary depending on where and how you exchange your money, so actual rates might differ from those listed above.

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