Economy
SEE Today’s Black Market Dollar (USD) To Naira (NGN) Exchange Rate – January 15, 2025
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/06/Screenshot_20240605-141212.png&description=SEE Today’s Black Market Dollar (USD) To Naira (NGN) Exchange Rate – January 15, 2025', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/06/Screenshot_20240605-141212.png&description=SEE Today’s Black Market Dollar (USD) To Naira (NGN) Exchange Rate – January 15, 2025', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
What is the Dollar to Naira Exchange Rate in the Black Market (Parallel Market/Aboki FX)?
Below is the black market Dollar to Naira exchange rate for January 14, 2025. You can exchange your dollars for Naira at these rates:..
Black Market Dollar to Naira Exchange Rate (Aboki FX):
Buying Rate: ₦1650
Selling Rate: ₦1660
According to sources at Bureau De Change (BDC) outlets, the exchange rate in the Lagos parallel market shows that players are buying dollars for ₦1650 and selling for ₦1660 on Tuesday, January 14, 2025.
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and has directed individuals seeking foreign exchange (forex) to approach their banks.
CBN Official Dollar to Naira Rate
Highest Rate: ₦1560
Lowest Rate: ₦1545
Please note that the forex rates mentioned in this article may vary depending on location and market conditions.
Rising Fuel Prices in Nigeria
Meanwhile, the cost of loading Premium Motor Spirit (petrol) and other refined petroleum products at depots surged on Monday, raising concerns about potential increases in pump prices across the country.
According to The PUNCH, oil marketers increased depot prices for petrol and diesel by ₦43 (4.74%), driven by rising crude oil prices. Brent crude, the global benchmark, reached $79.76 per barrel on Sunday, fueling the cost hike.
Several depots adjusted their petrol loading prices:
Swift Depot: ₦950 per litre (up from ₦907)
Wosbab Depot: ₦950 (up from ₦909)
Sahara Depot: ₦950 (up from ₦910)
Shellplux Depot: ₦960 (up from ₦908)
Chipet Depot: ₦960 (up from ₦908)
Other depots followed suit:
Nipco Depot: ₦950 per litre (up from ₦912)
Matrix Warri Depot: ₦945 (up from ₦925)
The Nigerian naira traded within a relatively stable range on Wednesday, May 13, 2026, as the Central Bank of Nigeria (CBN) continued interventions in the foreign exchange market.
Market analysts linked the recent stability to improved dollar inflows from exporters, foreign investors, and oil companies. In addition, the narrowing gap between the official and parallel market rates has boosted confidence in the forex market.
Meanwhile, traders said demand for foreign exchange remains high due to import payments, foreign tuition fees, medical expenses, and travel-related transactions.
Nigeria Exchange Rates – Wednesday, May 13, 2026
Currency Official Market Rate (₦) Parallel / Black Market Rate (₦) Mid-Market / Indicative Rate (₦)
US Dollar (USD) ₦1,355 – ₦1,365 ₦1,395 – ₦1,410 ₦1,360
Euro (EUR) ₦1,470 – ₦1,490 ₦1,590 – ₦1,630 ₦1,525
British Pound (GBP) ₦1,710 – ₦1,740 ₦1,850 – ₦1,900 ₦1,790
Chinese Yuan (CNY) ₦188 – ₦192 ₦195 – ₦202 ₦190
Japanese Yen (JPY) ₦9.7 – ₦10.1 ₦10.4 – ₦10.8 ₦10.0
Canadian Dollar (CAD) ₦995 – ₦1,020 ₦1,050 – ₦1,085 ₦1,015
Swiss Franc (CHF) ₦1,480 – ₦1,510 ₦1,560 – ₦1,610 ₦1,520
Saudi Riyal (SAR) ₦360 – ₦365 ₦372 – ₦380 ₦364
UAE Dirham (AED) ₦365 – ₦370 ₦378 – ₦385 ₦368
Market Insight
Financial analysts believe the recent appreciation of the naira reflects stronger forex liquidity and improving investor confidence in Nigeria’s official FX market.
However, experts warned that inflation, global oil prices, and external economic pressures could still affect the naira in the coming weeks.
Important Notice
Exchange rates may vary depending on location, transaction volume, and market conditions. Therefore, rates quoted by banks and Bureau de Change operators could differ slightly during the day.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that in April 2026, Nigeria met 99.2% of its Organization of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.5mb/d.
This was revealed in the X handle of the commission, which stressed that the output rose to 1.48b/d of crude oil and 174,873b/d of condensate.
The total crude oil and condensate production, according to NUPRC, was 1.66mb/d.
“Nigeria’s production increased in the month of April to 1,488,540 barrels of crude oil and 174,873 barrels of condensates totaling 1, 663, 413 barrels per day. This implies that Nigeria met 99.2% of its 1.5mbpd OPEC quota of crude oil.”
The report revealed the that the figure also represents a 7.58% increase when compared to the month of March. NUPRC said the peak production in April was 1.85mbpd while the lowest production for the month was 1.46mbpd.
Dollar To Naira Exchange Rate
The Black Market Dollar-to-Naira Exchange Rate for 12th May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 12th May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1387 on Tuesday, 12th May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1387
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1375
Lowest Rate ₦1367
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
Alexx Ekubo: Family Finally speaks, issues statement
Just in: EFCC Nabs Tinubu’s Aide Over Alleged N500Bn Fraud
NDLEA intercepts N10.4 billion Canadian Loud at Lagos Port(Photos)
-
Entertainment17 hours agoSad: Real cause of death of popular movie star, Ekubo finally revealed
-
Entertainment11 hours ago
Nollywood poster boy Alexx Ekubo had a prepared will before his demise
-
Entertainment17 hours ago
Emeka Rollas, Kate Henshaw, Others Mourn as Details Emerge on How Alexx Ekubo Died at 40
-
News16 hours agoFG orders varsities to suspend drug offenders
-
Metro17 hours agoPastor Fails To Resurrect From Death After Instructing Church Members To Bury Him Alive
-
Health16 hours agoMore Hantavirus cases may emerge in coming weeks — WHO
-
News9 hours agoWATCH: This is Karu, Abuja express road now(Video)
-
News12 hours agoUUTH sealed as EFCC tries to arrest only Prof of cardiothoracic surgery, three staff members
Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login