Dollar to Naira Black Market Exchange Rate Today, 24 August 2025

The latest update on the Dollar to Naira exchange rate in the black market on August 24, 2025, reveals that the rate may vary depending on demand and supply dynamics. The black market rate is typically higher than the official Central Bank of Nigeria (CBN) rate, with fluctuations based on forex availability, market sentiment, and location.

The CBN has published its buying and selling rates for the day, urging Nigerians to avoid black market forex trading and conduct transactions through authorized financial institutions. Factors such as foreign exchange scarcity, market speculation, political and economic developments in Nigeria and globally, as well as changes in CBN monetary policy, contribute to the fluctuations in exchange rates.

It is advised to verify rates from reliable sources before engaging in financial transactions to avoid potential risks.