The exchange rate between the U.S. dollar and the Nigerian naira at the Lagos Parallel Market commonly referred to as the black market continues to fluctuate as economic pressures persist.
As of Monday, July 21, 2025, information from traders at the Bureau De Change (BDC) indicates that the buying rate for one U.S. dollar stands at ₦1,535, while the selling rate is ₦1,540.
Dollar to Naira Exchange Rate – Black Market (Aboki FX)
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | ₦1,535 |
| Selling Rate | ₦1,540 |
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN has repeatedly advised individuals and businesses seeking foreign exchange (forex) to use authorized financial institutions such as commercial banks and licensed forex dealers.
CBN Official Exchange Rate
Based on data from the CBN:
| Dollar to Naira (USD to NGN) | CBN Official Rate |
|---|---|
| Highest Rate | ₦1,535 |
| Lowest Rate | ₦1,529 |
Please be aware that actual forex rates may vary depending on the source, volume of transaction, location, and method of exchange. Rates in this report are based on data from key market sources and are meant for informational purposes.
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