As of Saturday, May 10, 2025, the exchange rate for the US dollar against the Nigerian naira at the Lagos Parallel Market commonly known as the black market stands at ₦1630 for buying and ₦1640 for selling, according to information obtained from Bureau De Change (BDC) operators.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct such transactions through licensed financial institutions, particularly commercial banks, to ensure transparency and compliance with regulatory guidelines.
Dollar to Naira Exchange Rates – Black Market (Aboki FX)
| Transaction Type | Rate (₦) |
|---|---|
| Buying Rate | ₦1630 |
| Selling Rate | ₦1640 |
Dollar to Naira – CBN Official Rate
As per the official rates released by the Central Bank of Nigeria:
| Metric | Rate (₦) |
|---|---|
| Highest Rate | ₦1614 |
| Lowest Rate | ₦1608 |
Please be aware that exchange rates may vary slightly depending on your location, transaction volume, and the BDC operator or platform you use. The figures provided above represent general trends and should be used for informational purposes only.
