The Nigerian Naira continues to trade against the U.S. Dollar at fluctuating rates across different market segments.
In the parallel market, also known as the black market, the dollar was exchanged at ₦1555 for buying and ₦1565 for selling on Tuesday, April 8, 2025. These figures were provided by traders and sources at various Bureau De Change (BDC) locations in Lagos.
It’s important to note that these black market rates are unofficial. The Central Bank of Nigeria (CBN) does not endorse or recognize parallel market transactions. The apex bank has repeatedly urged individuals and businesses seeking foreign exchange to conduct such transactions through official banking channels.
Black Market (Aboki FX) Dollar to Naira Exchange Rate Today
| Transaction Type | Black Market Rate (₦) |
|---|---|
| Buying Rate | ₦1555 |
| Selling Rate | ₦1565 |
CBN Official Dollar to Naira Exchange Rate
While black market rates fluctuate based on street demand, the CBN’s official exchange rates present a different range:
| Description | CBN Rate (₦) |
|---|---|
| Highest Rate Today | ₦1655 |
| Lowest Rate Today | ₦1590 |
Please bear in mind that exchange rates can vary slightly based on location, transaction volume, and the negotiation strength of the buyer or seller. If you are engaging in Forex transactions, especially for business or travel, always confirm the current rate with your bank or licensed BDC operators.
