The Dollar to Naira exchange rate in the parallel market continues to reflect heavy demand pressure, as many Nigerians still rely on the black market as their primary access point for foreign exchange.
As of today, Thursday, August 21st, 2025, independent forex dealers and market trackers report that the naira is trading at:
Dollar to Naira Exchange Rate Today
Buying Rate ₦1,540 per $1
Selling Rate ₦1,550 per $1
This sharp depreciation further highlights the widening gap between the official exchange rate and the black market, a situation driven by:
Limited forex supply from the Central Bank of Nigeria (CBN)
Rising import demand for goods and services
High inflation eating deep into the value of the naira
Declining investor confidence in Nigeria’s economy
Can the Naira Ever Return to ₦150?
Economists argue that a return to ₦150 per $1 is highly unlikely in the near future unless Nigeria sees major economic reforms, including:
Diversification of the economy away from oil dependency
Increased foreign investments and industrialization
A stronger export base to boost dollar inflows
Strict monetary policies to stabilize inflation
👉 What’s your take? Do you think the naira can ever bounce back to ₦150, or has the current rate come to stay? Drop your thoughts in the comment box below.
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