As of Saturday, May 31, 2025, the exchange rate for the US dollar to the Nigerian naira at the Lagos Parallel Market commonly referred to as the black market stands at ₦1606 per dollar for buying and ₦1615 per dollar for selling.
This information is based on data gathered from Bureau De Change (BDC) operators and sources familiar with market trends.
The Central Bank of Nigeria (CBN) does not officially recognize the black market as a legitimate source for foreign exchange. The CBN has advised individuals and businesses in need of forex to approach commercial banks and licensed financial institutions for all foreign exchange transactions.
Black Market (Aboki) Exchange Rate – May 31, 2025
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Buying Rate | ₦1606 |
| Selling Rate | ₦1615 |
CBN Official Dollar to Naira Rate
| Dollar to Naira (USD to NGN) | CBN Exchange Rate |
|---|---|
| Highest Rate | ₦1589 |
| Lowest Rate | ₦1584 |
Please be aware that exchange rates may differ slightly depending on location, vendor, transaction amount, and negotiation. Rates are highly volatile and can change rapidly within a single day. For the most accurate and up-to-date rates, consult a trusted Bureau De Change operator or your financial institution.
