💸 Black Market Dollar To Naira Exchange Rate Today – July 19, 2025

💸 Black Market Dollar To Naira Exchange Rate Today – July 19, 2025

As Nigeria continues to grapple with economic uncertainty, the foreign exchange market remains one of the most closely watched indicators of financial stability — especially the black market, where many everyday Nigerians turn to buy and sell dollars.

If you’re wondering “how much is the dollar to naira today?”, here’s what you need to know.

⚠️ Dollar to Naira – Black Market Rate (Aboki FX) – July 19, 2025

According to sources at the Lagos Bureau De Change (BDC), the U.S. dollar is trading at:

• ₦1530 (buy rate)

• ₦1540 (sell rate)

These are the going rates among parallel market operators across urban areas like Lagos, Abuja, and Kano. However, always bear in mind that prices may vary slightly depending on your location and the dealer you’re negotiating with.

🏦 What About the Official CBN Rate?

Unlike the parallel market, the Central Bank of Nigeria (CBN) maintains a more stable, though often inaccessible, official rate. As of today:

• CBN Buying Rate: ₦1528

• CBN Selling Rate: ₦1536

👉 It’s important to note: The CBN does not recognize black market (parallel market) transactions and has advised Nigerians to carry out foreign exchange transactions through authorized banks only.

🔍 Why Is the Black Market Still So Popular?

Despite CBN directives, most individuals and even small businesses continue to rely on the Aboki FX/black market due to:

• Limited access to forex from banks

• Lengthy processing times for official forex transactions

• More competitive exchange rates in some cases

In times of inflation or currency depreciation, the black market often becomes the go-to option — though it comes with risks, including fraud and rate volatility.

💡 What This Means for You

Whether you’re sending money abroad, importing goods, or saving in foreign currency, it’s crucial to stay updated on the daily rates. Minor changes in exchange rates can lead to major differences in cost, especially for bulk transactions.

Keep a close eye on the trend — if you notice sustained increases or drops, that could signal broader economic shifts.

📊 Summary: Dollar to Naira Exchange Rates (July 19, 2025)