Today's Underground Exchange Rate for US Dollars (USD) to Nigerian Naira (NGN) on July 25, 2025

Today's Underground Exchange Rate for US Dollars (USD) to Nigerian Naira (NGN) on July 25, 2025

In Lagos, Nigeria, on July 24, 2025, the black market exchange rate for the US Dollar to Naira (NGN) was approximately ₦1,534 to ₦1,535, according to data from the Central Bank and Bureau De Change sources.

The day prior, on July 22, the buying rate was ₦1,535, and the selling rate was ₦1,540. By July 26 and 27, the black market rate remained steady at ₦1,530 per Dollar. Central Bank official rates hovered around ₦1,534.7 on July 24.

This relatively stable rate in mid-July reflects a gradual appreciation of the Naira in the parallel market after previously higher rates around ₦1,570 to ₦1,580 in late June.

It is important to note that the black market rate is typically higher than the official rates set by the Central Bank, and it fluctuates based on factors such as supply-demand, liquidity, and economic conditions.

The Central Bank of Nigeria (CBN) does not recognize the Parallel Market (Black Market), and individuals who wish to engage in forex transactions are directed to approach their respective banks. However, for the specific dates prior to July 22, 2025, detailed black market rates are not available for this article.

As of July 24, 2025, a dollar could be bought for ₦1,535 and sold for ₦1,540 in the Lagos Parallel Market. The highest and lowest CBN rates for a dollar on this day were both ₦1,533.

While every effort has been made to provide accurate and up-to-date information, it is possible that the rates for buying or selling forex may vary from the rates captured in this article.

1. In the Lagos Parallel Market on July 24, 2025, a dollar was bought for ₦1,535 and sold for ₦1,540, according to black market sources.
2. On July 22, 2025, the buying rate in the Lagos Parallel Market was ₦1,535, while the selling rate was ₦1,540.
3. By July 26 and 27, 2025, the black market rate remained steady at ₦1,530 per Dollar in Lagos.
4. Central Bank of Nigeria (CBN) officials fixed the highest and lowest rates for a dollar on July 24, 2025, at ₦1,533 each.

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