The exchange rate for the US dollar to the Nigerian naira in the Lagos parallel market (black market) sees traders buying at ₦1,580 per dollar and selling at ₦1,585 per dollar as of Wednesday, March 12, 2025, according to Bureau De Change (BDC) sources.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and has advised individuals seeking foreign exchange to do so through official banking channels.
Dollar to Naira Exchange Rate – Black Market (Aboki FX)
- Buying Rate: ₦1,580
- Selling Rate: ₦1,585
Dollar to Naira Exchange Rate – CBN Official Rate
- Highest Rate: ₦1,550
- Lowest Rate: ₦1,535
Please be aware that exchange rates may vary depending on location, transaction volume, and negotiation.
It is advisable to check with reliable forex dealers for the most accurate rates before making transactions.
