As of Sunday, June 8, 2025, the exchange rate between the US dollar and the Nigerian naira in the Lagos parallel market commonly referred to as the black market is reported as follows:
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Buying rate: ₦1,615 per dollar
-
Selling rate: ₦1,620 per dollar
These figures are based on information provided by traders and sources within the Bureau De Change (BDC) segment of the market.
Important Notice:
The Central Bank of Nigeria (CBN) does not officially recognize the black market for foreign exchange transactions. The apex bank advises Nigerians seeking to buy or sell foreign currency to do so through authorized financial institutions, specifically commercial banks, in accordance with its foreign exchange policy.
Black Market (Aboki FX) Exchange Rate – USD to NGN
| Transaction Type | Rate (₦) |
|---|---|
| Buying | ₦1,615 |
| Selling | ₦1,620 |
Official CBN Dollar to Naira Exchange Rate
As per CBN’s published rates, the official exchange rate range for today is as follows:
| Rate Type | Value (₦) |
|---|---|
| Highest Rate | ₦1,560 |
| Lowest Rate | ₦1,545 |
Please be aware that exchange rates may fluctuate throughout the day depending on demand and supply dynamics. Rates offered by individual traders or institutions may vary slightly from those quoted here.
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