As of Wednesday, June 25, 2025, the U.S. dollar is trading at ₦1590 for buying and ₦1600 for selling in the Lagos parallel market, commonly referred to as the black market.
This information is based on data gathered from Bureau De Change (BDC) operators within the city.
It is important to highlight that the Central Bank of Nigeria (CBN) does not officially recognize the black market for foreign exchange transactions. The CBN continues to advise individuals and businesses seeking forex to do so through licensed commercial banks and authorized dealers.
Dollar to Naira Exchange Rate – Black Market (Aboki Rate)
| Currency Pair | Black Market Buying Rate | Black Market Selling Rate |
|---|---|---|
| USD to NGN | ₦1590 | ₦1600 |
Dollar to Naira Exchange Rate – CBN Official Rate
| Currency Pair | CBN Highest Rate | CBN Lowest Rate |
|---|---|---|
| USD to NGN | ₦1553 | ₦1548 |
Please note: Forex rates are highly volatile and may vary depending on the location, volume of transaction, and the dealer involved. The figures quoted above may not reflect the exact rate you will be offered when buying or selling dollars, especially in regions outside Lagos.
For accurate and updated foreign exchange services, it's always advisable to verify with your local BDC operator or authorized bank.
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