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.

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.

Black Market Dollar to Naira Exchange Rate for March 17, 2025
Are you looking for the latest Dollar to Naira exchange rate in the parallel market (Aboki FX)? Here’s what you need to know.

Current Black Market Exchange Rate (March 17, 2025)
The exchange rate at the Lagos Parallel Market (Black Market) sees players buying a dollar at ₦1575 and selling at ₦1585, according to sources within the Bureau De Change (BDC).

Note: The Central Bank of Nigeria (CBN) does not officially recognize the black market. Individuals seeking foreign exchange are advised to approach their respective banks for transactions.

Black Market Exchange Rate Today
Dollar to Naira (USD to NGN) Black Market Rate
Buying Rate ₦1575
Selling Rate ₦1585
CBN Official Dollar to Naira Rate
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1552
Lowest Rate ₦1512
Disclaimer: Forex rates fluctuate, and the price you buy or sell at may vary from what is captured in this report.

SEC Suspends Centurion Registrars from Capital Market
In a related development, the Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, including its directors and affiliates, from participating in the capital market.

According to a statement titled “Additional Enforcement Measures on Erring Capital Market Operators”, the SEC emphasized that this action is part of a broader initiative in 2025 aimed at eliminating illegal capital market operations.

Affected clients of Centurion Registrars have been advised to contact Africa Prudential Plc for further assistance.

The SEC also revealed plans to publish a “Name and Shame” journal, listing capital market operators who violate market regulations. This move underscores the commission’s firm stance against non-compliance and aligns with its updated enforcement strategies.