The current exchange rate between the United States dollar (USD) and the Nigerian naira (NGN) at the Lagos Parallel Market, commonly known as the black market, shows that buyers purchase one dollar at ₦1610 while sellers offer it at ₦1613, according to information gathered from Bureau De Change (BDC) operators.
It’s important to highlight that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking foreign currency to utilize licensed financial institutions such as commercial banks for their forex needs.
Black Market (Aboki) Dollar to Naira Exchange Rate
| Transaction Type | Black Market Rate (₦) |
|---|---|
| Buying Rate | 1610 |
| Selling Rate | 1613 |
Official CBN Dollar to Naira Exchange Rate Today
At the official Central Bank of Nigeria (CBN) window, the dollar to naira exchange rate fluctuates between:
| Description | CBN Rate (₦) |
|---|---|
| Highest Rate | 1605 |
| Lowest Rate | 1580 |
Important Notice:
Exchange rates are highly volatile and can change rapidly within a short period based on market dynamics. Therefore, the buying and selling rates you encounter may slightly differ from the ones quoted here, depending on your location, the volume of the transaction, and prevailing market conditions.
For the most reliable and official transactions, always refer to your bank or authorized forex dealers. Trading through unofficial sources carries risks, including fluctuating prices and regulatory issues.
