The Nigerian Naira remained relatively stable against the US Dollar in the black market today, Thursday, July 24, 2025, amid ongoing interventions by the Central Bank of Nigeria (CBN).
According to traders across major forex hubs in Lagos, Abuja, Kano, and Port Harcourt, the Dollar was bought at ₦1,520 and sold at ₦1,535 in the black market. This rate mirrors figures reported on various reliable forex monitoring platforms including NairaToday and NGN Rates.
Meanwhile, at the official Investor and Exporter (I&E) window, the Naira traded between ₦1,525 and ₦1,542 per Dollar, showing only a marginal difference compared to the parallel market.
This week, Reuters reported that Nigeria’s currency is expected to remain stable, buoyed by continued CBN efforts to sell dollars to Bureau De Change (BDC) operators to ease pressure on the Naira.
Financial analysts note that the narrowing gap between the official and black market rates suggests a maturing forex regime, even as challenges persist with inflation and rising import costs.
Exchange Rate Summary – July 24, 2025
| Market Type | Buy Rate | Sell Rate |
|---|---|---|
| Black Market (Aboki FX) | ₦1,520 | ₦1,535 |
| Official Window (CBN) | ₦1,525–₦1,542 | ₦1,542 |
What This Means for You:
Importers and businesses are encouraged to continue monitoring daily rates before executing transactions. With relatively low volatility today, the market offers a predictable window for small-scale forex exchanges.
