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Black Market Exchange Rate: Dollar to Naira Today, July 17, 2025

Dollar to Naira Black Market Exchange Rate Today – July 17, 2025
The Nigerian Naira continued its downward trend against the US Dollar on Thursday, July 17, 2025, in the parallel market, as persistent foreign exchange shortages fueled increased demand in the informal trading segment.
Currency dealers across key cities, including Lagos and Abuja, reported a weakening of the Naira despite ongoing regulatory interventions aimed at stabilizing the market.
Current Black Market Dollar to Naira Rate
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Buying Rate: ₦1,530 per $1
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Selling Rate: ₦1,540 per $1
The ₦10 margin between buying and selling remains typical in Nigeria’s black market operations.
How Much is $1 to Naira Today in the Black Market?
As of today, July 17, 2025:
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You can buy 1 US Dollar for ₦1,540
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You can sell 1 US Dollar for ₦1,530
These rates were gathered from currency traders in major commercial hubs and may vary slightly depending on transaction size and location.
Black Market vs Official Exchange Rate
While the Central Bank of Nigeria (CBN) continues efforts to unify the exchange rate system, disparities persist between official and black market rates:
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Official Rate: ₦1,520–₦1,530 per $1 (varies by transaction type)
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Black Market Rate: ₦1,540 per $1
This gap underscores ongoing liquidity constraints and unmet FX demand in the official window, especially among individuals and small businesses.
Why the Black Market Persists
Despite regulatory pushback, the parallel market remains active due to:
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Limited access to official FX sources
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Faster, documentation-free transactions
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Diaspora remittances favoring higher parallel rates
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Nigeria’s heavy dependence on imports
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Dollar as an inflation hedge for preserving purchasing power
These structural issues continue to drive activity in the unofficial FX market, reinforcing its relevance within Nigeria’s broader economic landscape.
Market Sentiment & Naira Outlook
Investors and currency watchers are closely observing the CBN’s policy signals, as future movements in:
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Monetary interventions
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Diaspora remittance flows
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Oil export earnings
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Foreign reserve levels
…will significantly influence exchange rate dynamics in both the official and black markets.
Conclusion
As of Thursday, July 17, 2025, the Dollar to Naira black market exchange rate stands at:
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₦1,530 (buying)
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₦1,540 (selling)
This reflects continued pressure from FX shortages and high demand. For the latest updates, you can follow reliable platforms like Investors King, Aboki Forex, or refer to the CBN’s official communications for policy insights and official rate benchmarks.
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Apply Now: Unilever 2025 SHE Internship Program for Emerging Professionals

Kickstart Your Career in Safety, Health & Environment: Apply for the 2025 Unilever SHE Internship Program
Are you a recent graduate with a passion for safety, health, and environmental sustainability? Unilever, a global leader in consumer goods, invites aspiring professionals to apply for its 2025 SHE (Safety, Health & Environment) Internship Programme at the Anderbolt Factory in Boksburg, Gauteng.
This internship offers a unique opportunity to gain hands-on experience within a global company dedicated to creating safer workplaces and a more sustainable world. Interns will work alongside seasoned professionals and contribute to Unilever’s commitment to world-class SHE practices.
About the Program
The Unilever SHE Internship is designed to equip young South African graduates with practical skills and industry insight. Interns will support and learn from experienced teams involved in ensuring workplace safety, promoting health, and driving environmental compliance in a dynamic manufacturing environment.
Location: Anderbolt Factory, Boksburg, Gauteng
Duration: Full-time internship (duration unspecified)
Who Should Apply?
The program is ideal for recent graduates who hold a degree or diploma in any of the following fields:
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Safety Management
-
Occupational Health
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Environmental Management
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Environmental or Life Sciences
You should also be:
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Passionate about sustainability and SHE practices
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Ready to work in a fast-paced industrial setting
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Committed to making a positive impact on people and the planet
What You’ll Gain
Interns will benefit from:
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Exposure to global SHE standards and practices
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Participation in SHE audits, incident investigations, and risk assessments
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Involvement in the development and execution of safety and sustainability programs
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Real-time reporting and analysis of environmental performance metrics
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Mentorship from industry leaders in one of Unilever’s key manufacturing facilities
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A collaborative work environment focused on achieving a zero-harm culture
This is a fantastic chance to begin a meaningful career with a company that values innovation, safety, and social responsibility.
Ready to take the first step toward your SHE career?
[Click HERE to Apply]
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2025/2026 Pharmacist Internship Program

Location: Lagos & Abuja
Organization: Vastovers Group
Eligibility Criteria:
Are you a passionate and forward-thinking pharmacy graduate looking to build a strong foundation for your career? The Vastovers Group invites qualified candidates to apply for its Pharmacist Internship Program for the 2025/2026 cycle.
Applicants must:
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Possess a valid Pharmacist Oath-Taking Certificate issued by the Pharmacists Council of Nigeria (PCN)
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Be teachable, with a willingness to learn and grow in a dynamic environment
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Demonstrate an entrepreneurial mindset and a proactive approach to professional development (added advantage)
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Be prepared to participate in a screening process; only successful candidates will be admitted into the academy
How to Apply:
Submit your CV via email to:
[email protected]
Use the subject line:
“Pharmacist Internship Program Application”
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Job Opportunity: Graduate Accountant

Location: Port Harcourt, Rivers State
Company: Pack’N’Pay
Requirements:
Are you a recent graduate passionate about accounting and eager to grow in a structured and supportive environment? Join our team at Pack’N’Pay as a Graduate Accountant.
What We’re Looking For:
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B.Sc. or HND in Accounting, Finance, Economics, or related fields
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NYSC must be completed
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Up to 1 year of experience (internship, NYSC, or entry-level accounting experience is a plus)
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Solid understanding of basic accounting principles
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Proficiency in Microsoft Excel
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Strong attention to detail, accuracy, and sense of responsibility
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Eagerness to learn and grow within a professional setting
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Excellent teamwork and communication skills
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A genuine interest in building a career in accounting
How to Apply:
Send your CV and a brief cover letter to: [email protected]
Use the email subject line:
“Graduate Accountant Application – [Your Full Name]”
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