Black Market Dollar To Naira Exchange Rate For March 14, 2025

Black Market Dollar To Naira Exchange Rate For March 14, 2025

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 for today, March 14, 2025…….READ MORE

As of Thursday, March 13, 2025, Bureau De Change (BDC) operators in Lagos quoted the following rates:

• Buying Rate: ₦1,580 per dollar
• Selling Rate: ₦1,590 per dollar

Meanwhile, the official exchange rate set by the Central Bank of Nigeria (CBN) remains lower:

• Highest Rate: ₦1,550 per dollar
• Lowest Rate: ₦1,532 per dollar

It is important to note that the CBN does not recognize the parallel market and has advised individuals to conduct foreign exchange transactions through official banking channels. Additionally, forex rates may vary depending on the dealer and location.