What is the current Dollar to Naira exchange rate in the black market, commonly referred to as the parallel market or Aboki FX?
Below is the updated black market rate for January 16th. These are the figures at which buyers and sellers are currently exchanging dollars for naira.
How much is a dollar to naira today in the black market?
According to Bureau De Change (BDC) sources, traders at the Lagos Parallel Market are selling the US dollar at ₦1500 and buying at ₦1480 as of Friday, January 16th, 2025.
It is important to note that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market for foreign exchange transactions. The CBN advises individuals seeking forex to carry out transactions through their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Selling Rate | ₦1500 |
| Buying Rate | ₦1480 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1420 |
| Lowest Rate | ₦1416 |
Please be aware that forex buying and selling prices may differ depending on the location and the dealer, so the figures provided may vary from what you encounter in actual transactions.
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