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Dollar to Naira Today 20th Feb 2025 – Black Market & CBN Exchange Rate

Enudi Golden by Enudi Golden
February 20, 2025
in business, Headline, News
Reading Time: 4 mins read
Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025
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Dollar to Naira Today 20th Feb 2025 – Black Market & CBN Exchange Rate

Looking for the latest Dollar to Naira exchange rate today, February 20, 2025? Whether you’re trading in the black market, official CBN exchange rate, or FX market, this guide provides real-time updates on how much $1 is in Naira today.

Bookmark this page to get daily updates on the exchange rate!

Today’s Dollar to Naira Exchange Rate (Feb 20, 2025)

MarketBuy (NGN per USD)Sell (NGN per USD)
Black Market₦1,535₦1,545
CBN Official Rate₦1,506₦1,507
Peer-to-Peer (P2P)₦1,560₦1,575

Note: Exchange rates fluctuate frequently. Always confirm rates before making transactions.


Dollar to Naira Black Market Rate Today – Feb 20, 2025

The black market (parallel market) exchange rate is higher than the official CBN rate due to foreign exchange (FX) demand. As of today:

  • 1 USD to NGN in Black Market → ₦1,535 (Buy) / ₦1,545 (Sell)
  • ₦100,000 to USD in Black Market → $65.10
  • $100 to Naira in Black Market → ₦153,500

CBN Dollar to Naira Exchange Rate Today

The Central Bank of Nigeria (CBN) official exchange rate is lower than the parallel market. As of today, February 20, 2025:

  • 1 USD to Naira (CBN Rate) → ₦1,504 (Buy) / ₦1,5070 (Sell)
  • $100 to Naira (CBN Rate) → ₦150,000

⚠️ Important: Banks and financial institutions use the CBN official rate, while Bureau De Change (BDC) and street traders use the black market rate.


How Much is 1 Dollar in Nigeria Today?

The exchange rate for 1 USD to Naira today depends on where you are exchanging:

  • Black Market Rate: ₦1,535 – ₦1,545
  • CBN Official Rate: ₦1,506 – ₦1,507
  • Aboki FX Rate: ₦1,560 – ₦1,575

Keep this page bookmarked for real-time updates on the Dollar to Naira exchange rate daily.

Factors Affecting the Dollar to Naira Exchange Rate

Several factors impact the Naira’s strength against the US Dollar, including:

✅ CBN Forex Policies – The Central Bank of Nigeria regulates forex supply and interest rates.
✅ Inflation Rate – High inflation weakens the Naira, increasing exchange rates.
✅ Oil Prices – Since Nigeria relies on oil exports, fluctuating oil prices affect FX reserves.
✅ Foreign Exchange Demand – The more people buy dollars, the higher the exchange rate.

FAQ: Dollar to Naira Today – Feb 20, 2025

1. What is the Black Market Dollar to Naira Exchange Rate Today?

As of February 20, 2025, the Black Market rate is ₦1,535 (Buy) / ₦1,545 (Sell) per US Dollar.

2. How Much is $100 in Naira Today?

  • Black Market: ₦153,500
  • CBN Official Rate: ₦150,000

3. Will the Naira Strengthen Against the Dollar?

The Naira’s strength depends on CBN policies, forex reserves, and inflation. If Nigeria increases foreign investment and oil revenue, the Naira could stabilize.

4. Where Can I Get the Best Dollar to Naira Exchange Rate?

  • For official transactions → Use banks at CBN rates.
  • For quick cash exchange → Use Bureau De Change or the Black Market.

Tip: Always compare rates before exchanging large amounts of money!


Stay Updated – Get Daily Exchange Rates!

👉 Bookmark this page to check Dollar to Naira Black Market & CBN rates daily!
👉 Join our Telegram channel for instant forex updates!

🚀 Click here to get real-time Dollar to Naira updates now!

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