As of Friday, June 20, 2025, the U.S. dollar is being exchanged at the Lagos parallel market commonly known as the black market at a buying rate of ₦1,587 and a selling rate of ₦1,605, according to sources from Bureau De Change (BDC) operators.
This rate reflects ongoing volatility in Nigeria’s forex market as demand continues to outpace official supply.
Black Market (Aboki) Exchange Rate – USD to NGN
| Transaction Type | Black Market Rate (₦) |
|---|---|
| Buying Rate | ₦1,587 |
| Selling Rate | ₦1,605 |
Official CBN Dollar to Naira Rate – June 20, 2025
Although many Nigerians rely on the black market due to accessibility challenges, it's important to note that the Central Bank of Nigeria (CBN) does not recognize parallel market rates. The CBN maintains that all foreign exchange transactions should be carried out through authorized financial institutions, such as commercial banks.
| CBN Rate (USD to NGN) | Value (₦) |
|---|---|
| Highest Rate | ₦1,552 |
| Lowest Rate | ₦1,545 |
Exchange rates may vary depending on location, transaction size, and BDC operator. The rates provided in this update are sourced from key players in the Lagos forex market and may differ from the exact rate at which you buy or sell currency today.
For the most accurate and up-to-date rates, always confirm with your local Bureau De Change or financial service provider.
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