The Dollar to Naira exchange rate remains a major point of interest for Nigerians, especially those who rely on the black market—popularly known as the parallel market or Aboki FX—for foreign exchange transactions.
Dollar to Naira Black Market Rate Today
As of Monday, December 22, 2025, checks from currency traders at the Lagos parallel market indicate that the U.S. dollar is being exchanged at the following rates:
- Selling Rate: ₦1,485 per dollar
- Buying Rate: ₦1,476 per dollar
This means individuals looking to exchange dollars for naira or vice versa can expect rates within this range, depending on the dealer and location.
Important Notice on Forex Transactions
The Central Bank of Nigeria (CBN) has repeatedly stated that it does not recognize the black market for foreign exchange dealings. The apex bank advises Nigerians to conduct all forex-related transactions through authorized banks and official channels.
Official CBN Dollar to Naira Rate
According to figures from the Central Bank of Nigeria, the official exchange rates stand as follows:
- Highest Rate: ₦1,466 per dollar
- Lowest Rate: ₦1,431 per dollar
Exchange Rate Disclaimer
Please note that foreign exchange rates may vary slightly from one location to another. The actual amount you buy or sell dollars for may differ from the figures reported here due to market demand and dealer pricing.
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