Dollar to Naira Exchange Rate Today – Black Market (Aboki FX) Update
As of Monday, June 2, 2025, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel Market—commonly referred to as the black market—stands at ₦1,598 for buying and ₦1,615 for selling, according to information gathered from Bureau De Change (BDC) operators.
Important Note:
The Central Bank of Nigeria (CBN) does not officially recognize the black market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking to buy or sell forex to do so through licensed commercial banks and other authorized financial institutions.
Black Market (Parallel Market) Dollar to Naira Exchange Rate
| Type of Transaction | Black Market Rate (₦) |
|---|---|
| Buying | 1,598 |
| Selling | 1,615 |
Official CBN Dollar to Naira Exchange Rate
| Description | CBN Rate (₦) |
|---|---|
| Highest Rate | 1,584 |
| Lowest Rate | 1,579 |
Please be aware that the forex rates listed above are subject to change, depending on market dynamics, location, demand, and negotiation. The actual exchange rate you encounter may vary slightly from what is reported here.
For accurate and secure forex transactions, it's advisable to use official banking channels in line with the CBN's directives.
Post a Comment