Current Dollar to Naira Rate at the Black Market (Parallel Market / Aboki FX)
Are you wondering about the current dollar-to-naira exchange rate at the black market, commonly referred to as the parallel market or Aboki FX? Below is an overview of the prevailing rates as of Monday, January 5, 2025, showing how much you can exchange your US dollars for naira through black market operators.
How Much Is One Dollar to Naira Today at the Black Market?
As gathered from traders at various Bureau De Change (BDC) outlets in Lagos, the US dollar is currently sold for ₦1485 and bought at ₦1479 in the parallel market. These figures represent the average rates offered by black market currency dealers.
Important Notice on Black Market Transactions
It is important to note that the Central Bank of Nigeria (CBN) does not acknowledge or support transactions carried out in the parallel (black) market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct their transactions through official banking channels.
Dollar to Naira Black Market Exchange Rate Today
| Currency Pair | Exchange Type | Rate |
|---|---|---|
| USD to NGN | Selling Rate | ₦1485 |
| USD to NGN | Buying Rate | ₦1479 |
Dollar to Naira Official CBN Exchange Rate Today
| Currency Pair | CBN Rate Type | Rate |
|---|---|---|
| USD to NGN | Highest Rate | ₦1433 |
| USD to NGN | Lowest Rate | ₦1424 |
Please be aware that foreign exchange rates may vary depending on location, demand, and market conditions. As such, the actual rate you receive when buying or selling dollars may differ slightly from the figures stated above.
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