Unofficial USD to NGN Exchange Rate on July 26, 2025
In the bustling city of Lagos, the exchange rate for the US dollar to Nigerian Naira continues to be a topic of interest for many. According to sources at Bureau De Change (BDC), the buying rate for a dollar on the black market, also known as the parallel market, is ₦1535, while the selling rate is ₦1540.
It's important to note that these rates may vary from the rates you might encounter when buying or selling forex, as prices in the black market can fluctuate.
The Central Bank of Nigeria (CBN) does not recognise the parallel market, and individuals who wish to engage in Forex are directed to approach their respective banks. However, for those who prefer to use the black market, the rates have been relatively stable in recent days.
On July 25, 2025, the black market rate for the US dollar to Nigerian Naira in Lagos was approximately ₦1525 per 1 USD, according to user-reported data. This rate is slightly different from the official or forecasted rates, which range around ₦1530-₦1540 in the parallel time frame.
In the past several days, the black market rate has been as follows:
- 25th July 2025: ₦1535 (buying) and ₦1540 (selling)
- 24th July 2025: Unspecified rate
- 23rd July 2025: Unspecified rate
- 22nd July 2025: Unspecified rate
- 21st July 2025: Unspecified rate
- 20th July 2025: Unspecified rate
The specific exchange rates for these past days are not provided in this article. It's also worth mentioning that the highest CBN exchange rate for a dollar to naira today is ₦1536, while the lowest is ₦1534.
As always, it's crucial to stay informed about exchange rates when planning financial transactions. Whether you're a business looking to make an international payment or an individual travelling abroad, understanding the current exchange rates can help you make more informed decisions.
- In the past few days, the black market exchange rates for a dollar to Nigerian Naira in Lagos have varied, with the buying rate at ₦1535 on July 25, 2025, and the selling rate at ₦1540.
- The Central Bank of Nigeria (CBN) has different exchange rates for forex transactions, with the highest rate today being ₦1536 and the lowest ₦1534, while the black market rates have been relatively stable in recent days.
- When comparing the black market rates to the official or forecasted rates, it's observed that the black market rate for a dollar to Nigerian Naira on July 25, 2025, was slightly lower at approximately ₦1525 per 1 USD.
- Awareness of personal finance, including staying informed about the exchange rates between the US dollar and Nigerian Naira, is crucial for making informed decisions, whether for businesses or individuals navigating international financial transactions.
