Detailed report on Black Market Dollar to Naira Exchange Rate Today 25th September 2025
Naijaonpoint Media reports that the naira continued its strong performance on Thursday, September 25, 2025, closing at ₦1,490/$1 in the black market, while the Central Bank of Nigeria (CBN) official rate stood at ₦1,488.56/$1.
This marks the narrowest gap between both markets in over a year, showing renewed confidence in Nigeria’s foreign exchange system. Just months ago, the parallel market traded more than ₦200 above the official rate.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦1485 |
| Selling Rate | ₦1490 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1480 |
| Lowest Rate | ₦1480 |
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1482 and sell at ₦1485 on Thursday 25th September, 2025, according to sources at Bureau De Change (BDC).
FAQ: Dollar to Naira Exchange Rate
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What is today’s black market rate? ₦1,490 per dollar.
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What is the official CBN rate? ₦1,488.56 per dollar.
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Why is the naira gaining? Reforms, lower demand for FX, oil revenue growth, and investor inflows.
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Will the naira rise further? Analysts expect moderate gains if reforms hold and global oil prices remain favourable.