Unofficial USD to NGN Exchange Rate on August 3rd, 2025
In the bustling city of Lagos, Nigeria, the exchange rate for the US Dollar to Naira in the Parallel Market, also known as the Aboki fx, was approximately between ₦1,555 and ₦1,570 on Saturday, August 2, 2025.
According to reports from Bureau De Change (BDC) players in the Parallel Market, a dollar could be bought for ₦1,550 and sold for ₦1,555 on that day. These rates are higher than the official rates set by the Central Bank of Nigeria (CBN), which were around ₦1,552 to ₦1,562 per Dollar in early August 2025.
The CBN, however, does not recognise the Parallel Market. Individuals who wish to engage in Forex transactions are advised to approach their respective banks instead. It's worth noting that the rates provided may not reflect the current market rates due to price variations.
On August 5 and 6, 2025, the black market rates were somewhat stable around ₦1,560, highlighting slight fluctuations before and after August 2nd. For instance, the lowest CBN rate for a dollar to Naira conversion today, August 2nd, 2025, is ₦1,532, while the highest is ₦1,535.
It's essential to remember that the exchange rates provided in this article are for a single day, specifically Saturday, August 2, 2025. The article does not provide the Black Market dollar to Naira exchange rate for previous days such as 1st August, 2025, 31st July 2025, 30th July 2025, 29th July 2025, or 28th July 2025.
This article is published by our website, a division of Polance Media Inc., on August 2, 2025.
- In Nigeria, the unofficial exchange rate in Lagos also referred to as the Aboki fx, remained relatively stable at around ₦1,560 for a dollar in the following days after August 2, 2025.
- The Parallel Market exchange rates for a dollar fluctuated slightly on August 5 and 6, 2025, but were still higher than the CBN's official rates of ₦1,552 to ₦1,562 per Dollar.
- Despite the CBN's advice, many Nigerians in need of foreign exchange are likely to continue transacting in the Parallel Market, where they can buy a dollar for ₦1,550 and sell for ₦1,555, as reported by BDC players.
