Searching for the dollar to naira black market rate today? As of Saturday, 28 June 2025, here’s the latest update on the parallel market (also known as Aboki FX) exchange rate in Nigeria.
According to data gathered and verified Bureau De Change (BDC) sources in Lagos, the black market opened at:
Buying Rate: ₦1,620 per $1
Selling Rate: ₦1,625 per $1
These figures reflect the demand-driven nature of the naira to dollar exchange rate on the black market, which can fluctuate multiple times daily based on forex availability and economic sentiments.
Key Point:
The dollar to naira exchange rate at the black market is unofficial and typically higher than the Central Bank of Nigeria (CBN) rate, due to limited forex supply from official channels.
Official CBN Dollar to Naira Exchange Rate Today – 28 June 2025
If you’re checking the official exchange rate for USD to NGN, here’s what the Central Bank of Nigeria (CBN) reported:
Buying Rate: ₦1,597 per $1
Selling Rate: ₦1,598 per $1
The CBN discourages participation in the black market and urges all forex transactions to go through authorized banks and licensed financial institutions.
Important Note About Black Market Rates
The black market (Aboki FX) rate is unregulated and can vary based on location, dealer, and volume of transaction. It’s crucial to:
Stay updated with real-time exchange rates
Confirm the rate with your local dealer before transacting
