DOLLAR CRASHED AGAIN: See Dollar to Naira black market exchange rate today

The Dollar to Naira exchange rate in the black market continues to highlight Nigeria’s forex supply challenges, with many individuals and businesses relying on the parallel market for transactions.

CBN maintains tighter controls and a lower rate at official windows, limited access and allocation restrictions force most importers, businesses, and students abroad to turn to the parallel market, where prices reflect actual demand and supply pressures.

On Tuesday, September 2nd, 2025, the U.S. dollar traded at ₦1,540 per $1 for buying and ₦1,550 per $1 for selling, according to Investors King and reports from major dealers in Lagos and Abuja.

How Much is Dollar to Naira Today in Black Market?
As of Tuesday, September 2nd, 2025, the black market exchange rates are:

Dollars to Naira Exchange Rate Today
Buying Rate ₦1,540
Selling Rate ₦1,550
(Source: Investors King)

Analysts believe that without strong reforms, diversification of exports, and increased foreign direct investment, the pressure on the naira will persist. Boosting diaspora remittances and implementing effective fiscal policies are also key to narrowing the gap between the Dollar to Naira black market and official exchange rates.

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