Many Nigerians continue to monitor the Dollar to Naira exchange rate, particularly at the black market, popularly referred to as the parallel market or Aboki FX.
Below is the latest update on the black market Dollar to Naira exchange rate as of Sunday, February 1. These are the rates at which individuals can exchange United States dollars for Nigerian naira through Bureau De Change (BDC) operators.
Dollar to Naira Black Market Rate Today
(Aboki FX)
At the Lagos parallel market, currency traders are currently selling the US dollar at ₦1,460, while buyers purchase it at ₦1,445, according to information obtained from Bureau De Change sources.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize transactions carried out in the black market. The apex bank has consistently advised Nigerians seeking foreign exchange to conduct such transactions through licensed commercial banks.
Dollar to Naira Black Market Exchange Rates
Dollar to Naira (USD/NGN)
- Selling Rate: ₦1,460
- Buying Rate: ₦1,445
Dollar to Naira CBN Exchange Rate Today
Dollar to Naira (USD/NGN) – Official CBN Rates
- Highest Rate: ₦1,392
- Lowest Rate: ₦1,381
Please be aware that foreign exchange rates may vary depending on location, demand, and market conditions. As a result, the actual rate at which you buy or sell foreign currency may differ slightly from the figures stated in this report.
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