Latest Dollar to Naira Black Market and CBN Rates – December 28 2025

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The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) remains a major concern for individuals and businesses closely monitoring foreign exchange movements in Nigeria.

Dollar to Naira Black Market Rate (Aboki FX)

The black market, also known as the parallel market, continues to serve as an alternative source for forex transactions despite not being officially recognized by the Central Bank of Nigeria (CBN).

As of Saturday, December 27, 2025, traders at the Lagos parallel market reported the following rates, based on information gathered from Bureau De Change (BDC) operators:

Selling rate: ₦1,475 per $1
Buying rate: ₦1,467 per $1

These figures indicate the amount traders are willing to sell or purchase the U.S. dollar within the informal forex market.

Official CBN Dollar to Naira Rate

The Central Bank of Nigeria maintains a separate official exchange window and has consistently warned against using the parallel market. Individuals and businesses seeking foreign exchange are advised to transact through authorized commercial banks.

For today, the official CBN rates stand as follows:

Highest rate: ₦1,455 per $1
Lowest rate: ₦1,435 per $1

It is important to note that forex prices may vary depending on location, demand, and the dealer involved. As a result, actual buying or selling rates may differ slightly from those stated above.