Economy
Naira records three-day rise against dollar on black market
The Nigerian naira has shown a trend of appreciation against the dollar for three consecutive days in the parallel foreign exchange market, finishing the week on a positive note this past Friday.
Abubakar Alhasan, a Bureau de Change operator located in Wuse Zone 4, Abuja, told DAILY POST that the naira rose to N1,565 per dollar on Friday, up from N1,570 the previous day.
This represents a daily gain of N5 against the dollar, compared to the N1,570 rate recorded on Thursday.
In total, the naira has appreciated by N15 against the dollar in the black market over the last three days.
However, in the official market, the naira continued to depreciate as of Thursday, according to data from the Central Bank of Nigeria.
The apex bank’s exchange rate data showed that the naira fell to N1,507.88 per dollar on Thursday from N1,504.30 on Wednesday.
Overall, exchange rate movements across FX markets showed that the naira ended the week with mixed sentiments of losses and gains against other foreign currencies.
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1560 and sell at ₦1570 on Monday 24th March, 2025, 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
Buying Rate
₦1560
Selling Rate
₦1570
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Highest Rate
₦1537
Lowest Rate
₦1527
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
What is the Current Dollar to Naira Exchange Rate in the Black Market (Parallel Market)?
Go through the latest Dollar to Naira exchange rate in the black market (also known as the parallel market) for March 23, 2025, below. You can exchange your dollars for Naira at these rates.
How Much is a Dollar to Naira Today in the Black Market?
The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) on Sunday, March 23, 2025, is as follows:
Buying Rate: ₦1585
Selling Rate: ₦1590
These rates were confirmed by Bureau De Change (BDC) sources.
Please note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, and it advises individuals wishing to engage in Forex trading to go through their respective banks.
Dollar to Naira Black Market Exchange Rate for Today:
Buying Rate: ₦1585
Selling Rate: ₦1590
Dollar to Naira CBN Exchange Rate Today:
Highest Rate: ₦1545
Lowest Rate: ₦1526
Keep in mind that the rates you experience when buying or selling Forex might differ from what is presented in this article, as prices can fluctuate
The exchange rate for the US dollar to the Nigerian naira in the black market, also known as the parallel market (Aboki FX), has been released.
As of Wednesday, 19th March 2025, traders at the Lagos Parallel Market (Black Market) were buying dollars at ₦1575 and selling at ₦1585, according to sources from the Bureau De Change (BDC).
Official CBN Exchange Rate
The Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals to conduct foreign exchange transactions through official banking channels. The official exchange rates recorded by the CBN are as follows:
Highest Rate: ₦1545
Lowest Rate: ₦1500
It is important to note that foreign exchange rates may vary depending on the location and financial institution handling the transaction.
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