Black Market Dollar to Naira Exchange Rate Today, Friday, July 4th 2025

The Nigerian Naira appreciated slightly against the United States Dollar in the black market today, Friday, July 4th, 2025 after a series of mixed movements earlier in the week.

Today’s stronger showing indicates improved street-level dollar supply and softer demand as the market settles ahead of the weekend.

According to parallel market currency dealers across Lagos, Abuja, Port Harcourt, and Kano, the Dollar to Naira black market exchange rate today is:
Buying Rate: ₦1,550 per $1
Selling Rate: ₦1,560 per $1

This ₦10 spread reflects a healthier market balance, although dealers still expect cautious trading into the weekend.

How Much Is Dollar to Naira Today in Black Market?

A top search every morning remains, “how much is dollar to naira today in black market?” for businesses, students paying school fees abroad, importers, and everyday travelers.

As of Friday, July 4th, 2025, the Dollar to Naira black market exchange rate is ₦1,550 per dollar for buying and ₦1,560 per dollar for selling. These rates may vary slightly depending on transaction size, negotiation, and location but represent the average across major informal trading hubs.

For accurate daily figures and credible updates, platforms like Naijaonpoint and Aboki Forex remain reliable resources for black market rates and forex trends. The Central Bank of Nigeria (CBN) also publishes the official exchange rate daily.

Dollar to Naira: Black Market vs. Official CBN Rate

Despite today’s gain for the Naira in the black market, the gap between street rates and the Central Bank of Nigeria (CBN) official rate remains wide. The CBN’s official Dollar to Naira exchange rate still sits between ₦1,540 and ₦1,550 per dollar, depending on approved sectors and transaction windows.

However, tight supply, strict documentation, and bureaucratic bottlenecks make it difficult for individuals and SMEs to access dollars at the official rate. This drives millions to the black market, which remains the practical pricing benchmark for the real economy.

Why the Black Market Remains Vital

Today’s slight Naira gain does not change the fact that the parallel market remains the main source of forex for everyday Nigerians. Persistent factors include:

• Limited Official Dollar Access: Most people and small businesses cannot secure official FX due to bank restrictions and slow processing.

• Import-Dependent Economy: Nigeria’s reliance on imports means steady dollar demand day after day.

• Naira Weakness & Inflation: High inflation drives many to hold dollars as a safer store of value.

• Informal Remittances: Diaspora funds often arrive through informal channels to benefit from better street rates.

• Speculation: Hoarding by traders continues to squeeze supply during high-demand periods.

Until Nigeria boosts its non-oil exports, attracts sustainable foreign investment, and expands dollar supply, the black market will continue to dictate the practical Dollar to Naira rate.

Market Outlook for Next Week

The slight gain today may help ease pressure temporarily, but analysts warn that without major policy changes or improved inflows, the Naira’s gains may be short-lived. The CBN is expected to continue FX interventions and monetary tightening to close the gap between the official and street rates.

To stay ahead, businesses and individuals should monitor trusted platforms like Naijaonpoint for market news, check daily parallel market prices on Aboki Forex, and confirm official benchmarks via the Central Bank of Nigeria.

Conclusion

For Friday, July 4th, 2025, the Black Market Dollar to Naira exchange rate is:
₦1,550 per dollar for buying
₦1,560 per dollar for selling

While today’s modest appreciation offers a positive close to the week, Nigeria’s forex challenges remain. For now, the black market stays essential for quick access to dollars to cover imports, tuition, medical travel, and other cross-border expenses.