Black Market Dollar to Naira Exchange Rate for March 25, 2025

Black Market Dollar to Naira Exchange Rate for March 25, 2025

The exchange rate for the U.S. dollar to the Nigerian naira in the parallel market (commonly known as Aboki FX) stands as follows:

• Buying Rate: ₦1,560 per dollar

• Selling Rate: ₦1,570 per dollar

This information is based on reports from Bureau De Change (BDC) sources. However, the Central Bank of Nigeria (CBN) does not officially recognize the black market and advises individuals seeking foreign exchange transactions to approach their banks.

CBN Official Exchange Rate

• Highest Rate: ₦1,537 per dollar

• Lowest Rate: ₦1,527 per dollar

It is important to note that forex rates may vary based on location and market conditions.

Inflation Rate Concerns

Meanwhile, the National Bureau of Statistics (NBS) recently reported a decline in Nigeria’s inflation rate to 23.18% in February, down from 24.48% in January. However, concerns have emerged over the credibility of the report after it was briefly removed from the NBS website and later re-uploaded with significant data omissions, including historical records dating back to 1995. This has raised transparency concerns among analysts, despite the reported decrease in inflation………….READ MORE