The Nigerian naira continued to experience fluctuations in the foreign exchange market, with the U.S. dollar trading at ₦1550 for buying and ₦1560 for selling in the Lagos parallel market, popularly known as the black market, on Thursday, April 3, 2025.
This is according to data obtained from traders and sources at various Bureau De Change (BDC) outlets.
Black Market (Aboki) Dollar to Naira Rate Today:
| USD to NGN (Black Market) | Rate |
|---|---|
| Buying Rate | ₦1550 |
| Selling Rate | ₦1560 |
It is important to note that the Central Bank of Nigeria (CBN) does not recognize or endorse transactions in the parallel market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to approach authorized financial institutions or commercial banks.
CBN Official Dollar to Naira Exchange Rate:
| USD to NGN (CBN Rate) | Rate |
|---|---|
| Highest Rate | ₦1570 |
| Lowest Rate | ₦1535 |
Please be aware that forex rates are not fixed and can vary based on location, demand, and other market factors. The rates listed here are indicative and may differ from what individual traders or financial institutions offer at any given moment.
For the most accurate and up-to-date rates, always confirm with trusted Bureau De Change operators or your bank before making forex transactions.
