Current Dollar to Naira Exchange Rate in Nigeria (Black Market & CBN Today)

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The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) remains a major point of interest for traders, businesses, and individuals involved in foreign exchange transactions.

Black Market (Parallel Market) Dollar to Naira Rate

In Nigeria’s parallel market, commonly referred to as the black market or Aboki FX, the dollar continues to trade at higher rates compared to official channels.

As of Monday, December 29, 2025, dealers at the Lagos parallel market revealed that the U.S. dollar is being sold at ₦1,475 and bought at ₦1,471, based on information obtained from Bureau De Change (BDC) operators.

Dollar to Naira Black Market Rates (USD/NGN)

Selling Rate: ₦1,475
Buying Rate: ₦1,471

Official CBN Dollar to Naira Rate

Meanwhile, the Central Bank of Nigeria (CBN) continues to maintain a different exchange rate structure through official banking channels.

Dollar to Naira CBN Rates (USD/NGN)

Highest Rate: ₦1,450
Lowest Rate: ₦1,438

It is important to note that the CBN does not recognize transactions conducted through the parallel market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to carry out transactions through licensed commercial banks and approved financial institutions.

Exchange rates may vary depending on location, volume, and market demand, meaning the actual rate you receive could differ slightly from those listed above.