As of Wednesday, June 4, 2025, the U.S. dollar is being exchanged at the Lagos parallel market, also known as the black market, at the following rates:
-
Buying Rate: ₦1,591 per $1
-
Selling Rate: ₦1,600 per $1
These figures are based on information provided by sources within the Bureau De Change (BDC) sector.
The Central Bank of Nigeria (CBN) does not officially recognize or support transactions conducted on the parallel market. Individuals or businesses seeking foreign exchange are advised to use official channels by contacting their respective banks.
Dollar to Naira Exchange Rates – Overview
1. Black Market (Aboki FX) Rates
| Exchange Type | USD to NGN |
|---|---|
| Buying Rate | ₦1,591 |
| Selling Rate | ₦1,600 |
2. Central Bank of Nigeria (CBN) Rates
| Exchange Type | USD to NGN |
|---|---|
| Highest Rate | ₦1,577 |
| Lowest Rate | ₦1,556 |
Please note that exchange rates may differ depending on the dealer, location, demand, and time of the transaction. The rates published here are indicative and meant for informational purposes only.
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