Economy

SEE Current Black Market Dollar (USD) To Naira (NGN) Exchange Rate

Published

9 months ago

March 15, 2025

ADMIN

The exchange rate between the US dollar and the Nigerian naira remains a crucial topic for individuals and businesses involved in foreign exchange transactions.

As of Friday, March 14, 2025, reports from sources within the Lagos Parallel Market (Black Market) indicate that the buying rate for a dollar is ₦1,585, while the selling rate stands at ₦1,590.

Important Notice on Black Market Transactions
The Central Bank of Nigeria (CBN) has consistently emphasized that it does not recognize or regulate the parallel market (black market). Instead, individuals and businesses requiring foreign exchange are advised to process their transactions through official channels, such as commercial banks and licensed forex dealers.

Current Dollar to Naira Exchange Rates
Black Market Exchange Rate (Unofficial Rate) – March 14, 2025
Exchange Type Rate (₦)
Buying Rate ₦1,585
Selling Rate ₦1,590
CBN Official Exchange Rate – March 14, 2025
Rate Type Value (₦)
Highest Rate ₦1,548
Lowest Rate ₦1,480
Why Do Exchange Rates Vary?
Foreign exchange rates in Nigeria fluctuate based on several factors, including:

Supply and Demand: The availability of dollars in the market influences pricing. Higher demand with limited supply often leads to a stronger dollar against the naira.
Economic Policies: Government regulations, monetary policies, and CBN interventions affect the exchange rate.
Inflation & External Reserves: The strength of Nigeria’s foreign reserves plays a role in currency stability. Lower reserves may weaken the naira.

Disclaimer:
Exchange rates are highly volatile and may differ depending on location, volume of transaction, and the source of exchange. It is advisable to confirm rates with your forex dealer before proceeding with any transaction.

Economy

See Dollar To Naira Exchange Rate Today, December 5th, 2025

Published

15 hours ago

December 5, 2025

ADMIN

Dollar to naira exchange rate today

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 4th December, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1475 and buy at ₦1465 on thursday 4th December, 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
Selling Rate ₦1475
Buying Rate ₦1465
Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1450
Lowest Rate ₦1446
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Economy

NNPCL Cuts Petrol Price Again As Market Competition Intensifies

Published

1 day ago

December 5, 2025

Admin

The Nigerian National Petroleum Company Limited (NNPCL) has again brought down the pump price of Premium Motor Spirit (PMS), commonly known as petrol. This is the second time in less than one week that the price has been reduced.

On Thursday, December 4, 2025, the company lowered the price by ₦10 per liter. With this change, petrol now sells for ₦920 instead of ₦930 at NNPCL filling stations in Abuja, including stations in Gwarimpa, along Kubwa Expressway, and in Wuse Zone 4.

This comes shortly after another reduction on November 28, 2025, when NNPCL cut the price by ₦15 per liter. These back-to-back adjustments show a steady drop in fuel prices at NNPCL outlets.

The main reason for these reductions is the growing competition in the deregulated downstream oil market. NNPCL and the Dangote Petroleum Refinery are currently the biggest rivals in this space, and their competition is pushing prices down.

Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), explained that fuel prices are likely to keep falling, saying the reductions will continue because of the strong competition.

Economy

See Black Market Dollar To Naira Exchange Rate Today 3rd December 2025

Published

3 days ago

December 3, 2025

ADMIN

The Black Market Dollar to Naira Exchange Rate for 3rd December, 2025, 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, 3rd December 2025?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1473 and buy at ₦1465 on Wednesday 3rd December, 2025, according to sources at Bureau De Change (BDC).

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1473
Buying Rate ₦1465
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1450
Lowest Rate ₦1443