Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th July 2025

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 23rd July, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1535 and sell at ₦1540 on Wednesday 23rd July, 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Meanwhile, the BUA Group Plc has announced plans to begin generating its own electricity to power its production plants, particularly its cement factories.

The firm said the move is aimed at reducing operating costs and ultimately lowering the market price of cement.

Chairman of BUA Group, Abdul Samad Rabiu, disclosed the decision on Tuesday at the company’s Annual General Meeting (AGM) held at the Transcorp Hilton Hotel, Abuja.

“We are spending too much of our income on power generation in a country that is still battling epileptic power supply,” Rabiu said.

The move, he explained, forms part of BUA’s strategy to tackle the rising cost of production, largely driven by energy expenditure, and deliver better value to shareholders and customers.

The company has signed a 70MW power agreement with Wartsila OY of Finland to power BUA Cement’s Sokoto Line 4 and another 20MW gas-based power project with Green Power International.

These partnerships are expected to improve the group’s energy independence and operational efficiency.