Dollar to Naira Exchange Rate – Black Market (Aboki Rate) & CBN Rate – April 28, 2025
Looking for the latest Dollar to Naira exchange rate today? As of Monday, April 28, 2025, here’s what you need to know about the black market (Aboki FX) rate and the official Central Bank of Nigeria (CBN) rate for USD to NGN.
Black Market Dollar to Naira Exchange Rate (Aboki FX) – April 28, 2025
At the Lagos Parallel Market (commonly referred to as the Black Market), the exchange rate for 1 US Dollar is:
- Buying rate: ₦1,610
- Selling rate: ₦1,612
These figures are sourced from local Bureau De Change (BDC) operators.
CBN Official Dollar to Naira Rate – April 28, 2025
According to the Central Bank of Nigeria (CBN), the official exchange rate of USD to NGN today is:
- Highest rate: ₦1,603
- Lowest rate: ₦1,596
Note: The CBN does not recognize black market rates. Individuals and businesses are advised to use official banking channels for foreign exchange transactions.
Important Notice About Dollar to Naira Rates
Please be aware that Dollar to Naira rates can vary significantly depending on the market (black market vs official), location, and amount being exchanged. It is recommended to check with multiple sources or financial institutions for the most accurate and up-to-date rate before carrying out any forex transactions.
FAQs
1. What is the black market dollar to naira exchange rate today?
As of April 28, 2025, the black market rate is ₦1,610 (buy) and ₦1,612 (sell) per US dollar.
2. What is the official CBN dollar to naira rate today?
The CBN rate ranges from ₦1,596 to ₦1,603 per US dollar.
3. Why is there a difference between the black market and CBN rates?
The difference exists due to supply and demand forces in the informal forex market, which the CBN does not regulate.
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