As of Friday, April 11, 2025, the exchange rate for the U.S. dollar to the Nigerian naira at the Lagos Parallel Market, commonly known as the black market stood at ₦1620 per dollar for buying and ₦1627 per dollar for selling, according to information obtained from Bureau De Change (BDC) operators.
Black Market (Aboki) Dollar to Naira Rate Today:
- Buying Rate: ₦1620
- Selling Rate: ₦1627
It’s important to note that these rates can fluctuate based on demand, location, and time of transaction. Prices may vary slightly across different parts of the country or even within the same city.
Meanwhile, the Central Bank of Nigeria (CBN) maintains a separate exchange rate system and has reiterated that it does not officially recognize the parallel market. The CBN advises individuals and businesses seeking foreign exchange to do so through official banking channels.
CBN Official Dollar to Naira Rate (April 11, 2025):
- Highest Rate: ₦1630
- Lowest Rate: ₦1570
Please be aware that actual transaction rates may differ depending on the financial institution, the amount exchanged, and prevailing market conditions.
