As of Thursday, June 19, 2025, the exchange rate for the United States dollar to the Nigerian naira at the Lagos Parallel Market (commonly referred to as the black market) stands at:
-
₦1,594 per $1 for buying
-
₦1,605 per $1 for selling
This information was gathered from sources within the Bureau De Change (BDC) community.
Important Note:
The Central Bank of Nigeria (CBN) does not officially recognize transactions carried out on the parallel (black) market. Instead, the apex bank advises all individuals and businesses in need of foreign exchange to channel their requests through official banking channels and licensed forex dealers.
Dollar to Naira Exchange Rates Summary
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Black Market (Aboki FX) | ₦1,594 | ₦1,605 |
| CBN Official Rate | ₦1,546 | ₦1,553 |
Please be aware that exchange rates may vary slightly depending on location, demand, and the volume of transaction. Always verify current rates before conducting forex transactions.
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