Dollar to Naira Black Market Exchange Rate today, 2nd July 2025, can be accessed below.
GoldenNewsNg has obtained the official naira to dollar exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at a certain rate now however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.
If you’re searching for the Dollar to Naira black market exchange rate today, 2nd July 2025, you’ve come to the right place. This daily update covers the parallel market (AbokiFX) exchange rate, which many Nigerians rely on for real-time currency conversion.
What is the Dollar to Naira Exchange Rate at the Black Market Today?
As of Tuesday, 2nd July 2025, the Dollar to Naira exchange rate at the Lagos black market (also known as the parallel market or AbokiFX rate) is:
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Buying Rate: ₦1,570 per $1
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Selling Rate: ₦1,575 per $1
This information is sourced directly from Bureau De Change (BDC) operators within the Lagos market environment, who provide the real-time street exchange rates used by traders, travelers, and small businesses.
AbokiFX Dollar to Naira Rate Today – 2nd July 2025
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Buying Rate | ₦1,570 |
| Selling Rate | ₦1,575 |
Please note: AbokiFX is not an official platform but rather a commonly used term by Nigerians to refer to street-level forex dealers and market pricing. Rates may slightly vary depending on location and volume of transaction.
Dollar to Naira CBN Rate Today – 2nd July 2025
The Central Bank of Nigeria (CBN) has maintained a different rate for official transactions. As of today, the CBN Dollar to Naira rate is:
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,531 |
| Lowest Rate | ₦1,521 |
It is important to understand that the CBN does not recognize the parallel market (black market) and has consistently encouraged individuals and businesses to conduct forex transactions through official banking channels.
Why Is the Black Market Rate Different from the CBN Rate?
The gap between the black market and CBN exchange rates exists due to supply and demand dynamics, forex scarcity, and government policies. While the CBN controls the official rate, many Nigerians turn to the black market due to easier accessibility and fewer restrictions.
What Affects Today’s Dollar to Naira Rate?
Several factors influence the daily Dollar to Naira exchange rate in Nigeria, especially at the black market level. These include:
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Oil revenue fluctuations
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CBN monetary policies
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Inflation and economic uncertainty
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Demand for foreign exchange for imports, travel, and education
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Speculation and forex hoarding by traders
Important Note
The rates listed in this article reflect market activity as of 2nd July 2025. However, black market rates can change rapidly, sometimes multiple times a day. The amount you receive when exchanging forex may vary slightly depending on the specific location and dealer you use.
Conclusion
To summarize, the Dollar to Naira black market exchange rate today, 2nd July 2025, is ₦1,570 for buying and ₦1,575 for selling. Meanwhile, the CBN official rate remains significantly lower. Always exercise caution when dealing with black market traders and ensure transparency in your transactions.
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