Unofficial USD to NGN Exchange Rate for 11th August, 2025
Dollar to Naira Exchange Rate in Lagos, August 10, 2025
On Sunday, 10th August, 2025, the exchange rate for the US Dollar to Nigerian Naira in Lagos's black market, also known as the Aboki FX, was not explicitly listed. However, data from the following days provide a close estimate.
- By August 14, 2025, the black market rate was approximately ₦1,535.49 per 1 USD.
- On August 13, 2025, it was around ₦1,536.85 per 1 USD.
- By August 18, 2025, the black market rate had increased to about ₦1,545 per 1 USD.
Given these data points, it is reasonable to assume that the black market rate on August 10, 2025, likely ranged near ₦1,530 to ₦1,536 per 1 USD, reflecting a gradual upward trend leading to mid-August.
In comparison, official or interbank rates around that period were lower, typically ranging from ₦1,526 to ₦1,532 per dollar. This difference is due to market demand and supply factors.
Individuals looking to engage in Forex transactions are directed by the Central Bank of Nigeria (CBN) to approach their respective banks. It is important to note that the CBN does not recognise the parallel market (black market).
Sources at Bureau De Change (BDC) provided the exchange rate information for this article.
In Lagos, Nigeria, on August 10, 2025, the approximate exchange rate for the US Dollar to Nigerian Naira at the Aboki FX, the black market, may have been around ₦1,530 to ₦1,536 per 1 USD, as suggested by surrounding data points. The CBN advises individuals involved in Forex transactions to approach their banks, while noting that they do not acknowledge the parallel market. The exchange rate information for this article was sourced from Bureau De Change (BDC). The dollar's interbank rate during that period was generally lower, typically ranging from ₦1,526 to ₦1,532 per dollar, owing to market demand and supply factors.
