The dollar to naira exchange rate at the parallel market (commonly called the black market or Aboki fx) stands as follows:
- Buying Rate:₦1,560 per $1
- Selling Rate:₦1,550 per $1
This rate reflects transactions in Lagos on Saturday, August 16, 2025, according to Bureau De Change (BDC) operators.
For comparison, the Central Bank Of Nigeria (CBN) exchange rate for the same period was:
- Highest Rate: ₦1,535 per $1
- Lowest Rate: ₦1,533 per $1
The CBN has repeatedly emphasized that it does not recognize the black market and urges individuals to carry out foreign exchange transactions through their banks.
