As of Monday, May 19, 2025, the exchange rate for the US dollar against the Nigerian naira in the Lagos parallel market (commonly referred to as the black market) stands at ₦1625 per dollar for purchases, while sales are made at ₦1635 per dollar.
These figures are based on information gathered from local Bureau De Change (BDC) operators.
It’s important to emphasize that the Central Bank of Nigeria (CBN) does not endorse or acknowledge the parallel market. The apex bank advises individuals and businesses seeking foreign exchange to utilize official channels by approaching their respective commercial banks.
Black Market (Aboki) Exchange Rate – USD to NGN
| Type | Exchange Rate (₦) |
|---|---|
| Buying Rate | ₦1625 |
| Selling Rate | ₦1635 |
CBN Official Exchange Rate – USD to NGN
On the official platform monitored by the CBN:
| Rate Type | Exchange Rate (₦) |
|---|---|
| Highest Rate | ₦1601 |
| Lowest Rate | ₦1580 |
Please be aware that exchange rates are subject to fluctuations depending on location, demand, and the dealer involved. As such, the rates listed here may differ from the actual rates you encounter when buying or selling foreign currency.
For those engaging in foreign exchange transactions, it is strongly advised to monitor updates regularly and consider using official banking channels to ensure transparency and compliance with CBN directives.
