Latest Dollar To Naira Black Market Rates And CBN Updates – August 21, 2025
If you’re keeping an eye on the forex market, you’ll know how quickly the dollar to naira rate shifts. As of today, Thursday, August 21, 2025, the black market (parallel market) exchange rate shows the U.S. dollar trading differently from the official Central Bank of Nigeria (CBN) rate. Here’s what you need to know.
Black Market Dollar to Naira Rate (Aboki FX)
According to Bureau De Change (BDC) operators in Lagos:
- Buying Rate: ₦1555 per $1
- Selling Rate: ₦1550 per $1
This means if you’re selling dollars, you’ll likely get around ₦1555, while buying will cost you about ₦1550.
CBN Official Dollar to Naira Rate
At the official Central Bank of Nigeria window:
- Highest Rate: ₦1538
- Lowest Rate: ₦1534
The gap between the official and parallel market rates continues to create challenges for individuals and businesses that rely on forex.
Why the Gap Between Black Market and CBN Rates?
The parallel market exists largely because access to forex at the official CBN rate is limited. Many businesses and individuals turn to BDC operators or the black market for faster transactions, even though the CBN discourages this practice.
What This Means for Nigerians
- For businesses: Importers and exporters often factor in black market rates when pricing goods, which impacts inflation.
- For individuals: Those sending or receiving remittances may find the black market more attractive due to better returns compared to the CBN rate.
Outlook on Dollar to Naira Rate
Experts predict continued fluctuations in the forex market as Nigeria works to stabilize its economy. Factors such as oil prices, inflation, and government policies will play a major role in shaping the naira’s strength in the coming months.
Conclusion The dollar to naira black market rate today, August 21, 2025, stands at ₦1555 (buying) and ₦1550 (selling), while the CBN rate remains around ₦1534–₦1538. Staying updated on forex rates is crucial for both businesses and individuals navigating Nigeria’s dynamic financial landscape.
