Aboki Naira to Dollar Black Market Exchange Rate Today, 14th August 2025

The Nigerian Naira experienced a slight depreciation in the parallel market, commonly referred to as the black market, with the exchange rate reaching N1,560 per US dollar today, according to sources from Bureau De Change (BDC) operators.

This marks a marginal decline from rates reported earlier this month, reflecting ongoing pressures on the local currency amid global economic shifts.

Reports from local financial observers indicate that the Naira has been trading within a tight range in recent weeks, with the black market rate fluctuating between N1,550 and N1,560 per dollar.

This comes as the official exchange rate, as reported by sources like the Central Bank of Nigeria, stood at approximately N1,535.9 per dollar, highlighting the persistent gap between the official and parallel markets.BDC operators in major markets such as Lagos, Abuja, and Kano attributed the Naira’s performance to a combination of factors, including heightened demand for dollars and global dollar strength.

The informal market remains a critical channel for many Nigerians seeking foreign currency for transactions, despite the Central Bank’s efforts to stabilize the Naira through interventions in the official market.

Analysts note that the Naira’s value has faced significant challenges since early 2024, with the currency depreciating from N882 per dollar on January 1, 2024, to its current levels. This represents a notable decline in purchasing power for Nigerians, impacting import costs and inflation.

As the economic landscape continues to evolve, Nigerians are closely monitoring both the official and parallel markets for signs of stabilization.

The Central Bank has yet to comment on today’s black market rate, but stakeholders are calling for sustained reforms to bridge the gap between the two markets and bolster confidence in the Naira.