Black Market Dollar To Naira Exchange Rate Today – 14th August 2025
The parallel market, also known as the black market, has continued to record active trading as demand for foreign exchange outstrips supply in Nigeria. As of today, Thursday, 14th August 2025, the exchange rate for the United States dollar in the black market stands at ₦1,550 for buying and ₦1,560 for selling, according to updates from Bureau De Change operators, often sourced through platforms like Aboki FX.
This rate remains significantly higher than the Central Bank of Nigeria (CBN) official rate, which today is ₦1,534.82 per dollar for selling and ₦1,533.82 for buying. The difference between the two markets highlights the persistent pressure on the naira, driven by forex scarcity, speculative trading, and market uncertainty.
The black market is also active for other major currencies. Today, the pound sterling trades at ₦2,090 for buying and ₦2,120 for selling, while the euro is exchanged at ₦1,770 for buying and ₦1,790 for selling. In contrast, the CBN’s official rates are lower, with the pound sterling at ₦2,072.19 for buying and ₦2,073.54 for selling, and the euro at ₦1,790.47 for buying and ₦1,791.63 for selling.
In the cryptocurrency space, Bitcoin currently sells for around ₦191.9 million per BTC, with one naira equating to approximately 0.0000200078 BTC. Ethereum trades at about ₦7.4 million per ETH, with one naira worth around 0.00000034 ETH.
For practical conversions in today’s black market, $50 will fetch about ₦77,500 at the buying rate and cost ₦78,000 at the selling rate. $100 equals ₦155,000 if sold and ₦156,000 if bought.
A transaction involving $500 would result in ₦775,000 at the buying rate or ₦780,000 at the selling rate, while $1,000 would amount to ₦1,550,000 for buying and ₦1,560,000 for selling.
Foreign exchange rates in Nigeria continue to vary across markets — from the black market to the CBN’s official window, commercial banks, and international money transfer operators. This disparity creates room for currency arbitrage but also presents difficulties for businesses, travellers, and individuals seeking foreign currency for legitimate purposes.
Rates remain volatile and can shift multiple times within a single day, influenced by economic indicators, market speculation, and government policy changes.
Sodiq Lawal is a passionate and dedicated journalist with a knack for uncovering captivating stories in the bustling metropolis of Osun State and Nigeria at large. He has a versatile reporting style, covering a wide range of topics, from politics , campus, and social issues to arts and culture, seeking impact in all facets of the society.
