Black Money USD Exchange Rate for NGN on 12th August, 2025
News Article: Black Market Dollar to Naira Exchange Rate in Lagos on 11th August, 2025
The exact dollar to naira exchange rate for the Black Market (also known as the Aboki fx) in Lagos on 11th August, 2025, could not be found directly from the search results. However, a trend can be established from nearby dates.
On 12th August, 2025, the black market rate was around ₦1,555 to ₦1,565 per 1 USD. On 18th August, it was about ₦1,550 to ₦1,560 per 1 USD. Earlier on 19th August, one source reported a higher ₦1,610, while another cited ₦1,535 for 20th August. These small fluctuations are typical for the unregulated black market.
From this, it is reasonable to infer that on 11th August, 2025, the black market exchange rate for the dollar was approximately ₦1,550 to ₦1,565 per USD.
It is important to note that the black market rate is consistently higher than the official Central Bank of Nigeria (CBN) rate, which was around ₦1,533 at this time. The black market fluctuates daily due to supply-demand dynamics and economic factors. Prices vary slightly between Bureau De Change operators but remain broadly around the mid-1500s Naira per Dollar for the period in question.
Individuals who want to engage in Forex are directed by the CBN to approach their respective banks. The exchange rates provided are for a single transaction on the specified dates. Prices may vary from what is captured in the article.
Sources:
[1] Nairametrics (2025). Aboki FX Rates: Dollar to Naira Exchange Rates Today. [Online]. Available: https://nairametrics.com/aboki-fx-rates/
[2] Central Bank of Nigeria (2025). Official Exchange Rates. [Online]. Available: https://www.cbn.gov.ng/exchange/
[3] BusinessDay (2025). Black Market Exchange Rates Today. [Online]. Available: https://www.businessdayonline.com/marketplace/forex/black-market-exchange-rates-today/
[4] TheCable (2025). Aboki FX Rates: Dollar to Naira Exchange Rates Today. [Online]. Available: https://thecable.ng/aboki-fx-rates-dollar-to-naira-exchange-rates-today/
[5] PunchNG (2025). Black Market Exchange Rates Today. [Online]. Available: https://punchng.com/black-market-exchange-rates-today/
- The unregulated Black Market (also known as the Aboki fx) in Lagos typically has exchange rates higher than the official Central Bank of Nigeria (CBN) rate, such as the one announced as around ₦1,533 in August 2025.
- It's crucial for individuals interested in Forex to approach their banks as directed by the CBN, with caution as prices may vary from what is reported in general news articles.
- Engaging in wealth-management and personal-finance decisions requires keeping up with the trends in the finance, business, and politics landscape, including the fluctuations in the black market exchange rate in Nigeria.
- For those who need to convert Dollars to Naira urgently, it may be beneficial to consider the current black market rate, which on 11th August, 2025, can be inferred as approximately ₦1,550 to ₦1,565 per USD, according to trends from nearby dates.
- It's essential to seek information from reliable sources to stay informed about the exchange rate on specific dates, such as Nairametrics, BusinessDay, TheCable, PunchNG, and the Central Bank of Nigeria's official exchange rate page.
- Understanding the dynamics of the black market exchange rate in Lagos is important for individuals investing in personal finances or businesses, as it may impact overall wealth-management strategies.
