As of Saturday, June 7, 2025, the exchange rate for the US dollar at the Lagos Parallel Market, commonly referred to as the black market or Aboki FX, shows that currency dealers are buying dollars at ₦1,600 and selling at ₦1,620. This information is based on data gathered from traders within the Bureau De Change (BDC) network.
Important Advisory
It is important to highlight that the Central Bank of Nigeria (CBN) does not officially recognize or support transactions carried out in the parallel (black) market. The apex bank has consistently urged individuals and businesses seeking foreign exchange to use official banking channels for all forex-related activities.
Black Market Dollar to Naira Exchange Rate Today
| Currency Pair | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| USD to NGN | 1,600 | 1,620 |
CBN Official Dollar to Naira Exchange Rate
At the official market governed by the Central Bank of Nigeria:
| Currency Pair | Lowest Rate (₦) | Highest Rate (₦) |
|---|---|---|
| USD to NGN | 1,545 | 1,560 |
Note to Forex Traders and the General Public
Exchange rates can fluctuate significantly based on location, transaction volume, and market demand. Therefore, the rates listed above may vary slightly from what is obtainable in your area or with your dealer. Always confirm with reliable sources before engaging in any forex transactions.
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