The Dollar to Naira exchange rate in the Black Market opened the new week with slight gains for the Naira, showing early signs of stability amid subdued demand and mild improvement in forex liquidity.
As of today, Monday, May 26th 2025, traders in Nigeria’s parallel market report marginal adjustments following the weekend’s quiet trading session.
Dollar to Naira Exchange Rate Today – Black Market
According to figures sourced from currency dealers and verified platforms such as Aboki Forex, the black market exchange rate today is:
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Buying Rate: ₦1,610 per US Dollar
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Selling Rate: ₦1,620 per US Dollar
This ₦10 spread remains consistent across major forex hubs, including Lagos, Abuja, Port Harcourt, and Kano, with traders cautiously observing market signals.
How Much is Dollar to Naira Today in Black Market?
For those asking, how much is dollar to naira today in black market, the exchange rate as of Monday, May 26th 2025 is ₦1,610 to the dollar for buyers and ₦1,620 for sellers. Rates may fluctuate slightly depending on location and volume, but these figures represent the average across Nigeria’s informal forex market.
Black Market vs Official Exchange Rate
While the Naira trades at ₦1,620/$1 in the black market, the Central Bank of Nigeria (CBN) maintains the official Dollar to Naira exchange rate at approximately ₦1,470/$1. This ₦150+ gap underscores the persistent supply-demand mismatch in the formal market and the continued reliance on the Black Market for urgent or large-volume forex needs.
To stay informed with accurate market insights and daily financial updates, visit Naijaonpoint.
Key Drivers of Today’s Black Market Exchange Rate
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Moderate Demand from Traders and Importers: With many businesses still operating below full capacity post-weekend, dollar demand remains manageable.
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Stable Oil Prices, Flat Reserve Growth: Despite oil trading above $85 per barrel, foreign reserve growth has yet to provide enough cushion to ease dollar scarcity.
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Limited CBN Intervention: The lack of aggressive dollar sales by the CBN continues to shift demand to the parallel market.
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Speculative Activity Tapers Off: With no immediate shock to the economy or monetary policy changes, forex speculators are holding back.
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Diaspora Remittances Offer Support: Inflows from Nigerians abroad are helping to ease pressure slightly in the black market.
Outlook for the Naira
Currency analysts expect the Naira to remain within a narrow band this week barring major policy announcements or unexpected spikes in demand. Market sentiment is largely focused on the Central Bank’s next Monetary Policy Committee (MPC) meeting and the government’s commitment to implementing sustainable forex reforms.
Unless there is a notable injection of dollar liquidity or structural adjustment that boosts confidence in the formal market, the Black Market will continue to dictate the effective exchange rate for many businesses and individuals.
Conclusion
As of Monday, May 26th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,610 for buying and ₦1,620 for selling. This slight gain for the Naira offers temporary relief, but broader economic factors continue to weigh heavily on the country’s forex landscape.
For real-time updates on Dollar to Naira rates, monetary policy, and financial news in Nigeria, visit Naijaonpoint.
Disclaimer: Black Market rates are unofficial and may vary based on transaction volume and location. Always verify rates before making currency exchanges.
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