The exchange rate between the United States dollar and the Nigerian naira at the Lagos parallel market, popularly known as the black market or Aboki FX, remained relatively stable on Sunday, December 21, 2025.
According to information obtained from Bureau De Change (BDC) operators, the dollar was sold at an average rate of ₦1,495 per dollar, while buyers purchased the greenback at approximately ₦1,489 per dollar.
Dollar to Naira Black Market Rate Today
At the parallel market, the exchange rates stood as follows:
- Selling Rate: ₦1,495 per dollar
- Buying Rate: ₦1,489 per dollar
These rates reflect the continued pressure on the naira in the unofficial foreign exchange market, driven largely by limited dollar supply and strong demand for foreign currency.
Dollar to Naira Official CBN Exchange Rate
In contrast, the Central Bank of Nigeria (CBN) maintained lower rates at the official foreign exchange window. Data from the apex bank shows that the dollar traded within the following range:
- Highest Rate: ₦1,469 per dollar
- Lowest Rate: ₦1,460 per dollar
The official rates are significantly lower than those seen in the black market, highlighting the persistent gap between the regulated and unregulated forex segments.
CBN’s Position on Black Market Trading
It is important to note that the CBN does not recognize or support transactions conducted through the parallel market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to process their transactions through licensed commercial banks and approved financial institutions.
Exchange Rate Disclaimer
Foreign exchange rates may vary depending on location, volume of transaction, and prevailing market conditions. As a result, the rates at which individuals buy or sell dollars may differ slightly from those reported, as prices are subject to fluctuation throughout the day.
