As of Wednesday, June 18, 2025, the exchange rate of the US dollar to the Nigerian naira at the Lagos parallel market (commonly known as the black market) shows that the buying rate is ₦1,589 per dollar, while the selling rate stands at ₦1,595, according to data obtained from reliable sources within the Bureau De Change (BDC) sector.
It is important to note that these figures reflect the unofficial market trends, which are often driven by demand and supply dynamics and may vary slightly from one location to another.
Black Market (Aboki FX) Dollar to Naira Rate Today
| Currency | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| USD (Black Market) | ₦1,589 | ₦1,595 |
Official CBN Exchange Rate – Dollar to Naira
Meanwhile, at the official window regulated by the Central Bank of Nigeria (CBN), the naira trades at a relatively lower rate. The highest rate recorded today is ₦1,551, while the lowest official rate stands at ₦1,547.
| Currency | CBN Rate (₦) |
|---|---|
| USD (Official) | ₦1,547 – ₦1,551 |
Important Notice: CBN’s Position on Forex Transactions
The Central Bank of Nigeria has consistently stated that it does not recognize the black market (also referred to as the parallel market) for foreign exchange transactions. Nigerians and other residents seeking foreign currency are encouraged to use official banking channels and authorized dealers for their transactions.
Engaging in the black market, while common, comes with significant risks due to volatility, lack of regulation, and potential exposure to fraud.
Foreign exchange rates can fluctuate rapidly due to market forces. Therefore, the exchange rate at which you buy or sell dollars may differ from the figures published in this report, depending on your location, volume of transaction, and the dealer involved.
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