Dollar to Naira Black Market Rate Today — Saturday, 25 July 2026

The naira weakened slightly against the dollar in the parallel market on Saturday, 25 July 2026, with street traders and bureau de change operators quoting a buy rate of ₦1,406.52 and a sell rate of ₦1,416.75, reflecting a day-on-day depreciation of 0.34% for the local currency.

For importers and small business owners who rely on the black market to source foreign exchange, today's marginal slide is a reminder that even seemingly small daily moves can compound into meaningful cost increases over a procurement cycle. A trader sourcing $50,000 worth of raw materials or finished goods at today's sell rate of ₦1,416.75 would need roughly ₦70.84 million, a figure that shifts with every tick in the parallel rate and squeezes the landed cost of goods before a single unit reaches the shelf.

The gap between the parallel market and the Central Bank of Nigeria's official window remains a persistent pressure point. With the CBN official rate sitting at ₦1,361 per dollar, the spread between the two windows stands at approximately ₦55.75 on the sell side. That differential effectively acts as an invisible tax on businesses that cannot access the official window in sufficient quantities or on time, forcing them to absorb higher naira costs or pass them on to end consumers through price adjustments.

The situation is similarly challenging for businesses with sterling or euro-denominated obligations. The pound traded at ₦1,892.12 buy and ₦1,912.44 sell in the parallel market today, relevant for importers sourcing from the United Kingdom. Traders with European supply chains are looking at the euro to naira rate of ₦1,584.49 buy and ₦1,601.60 sell, adding further complexity to multi-currency cost planning. Those tracking sterling movements can follow the latest pounds to naira data for updated benchmarks.