Dollar To Naira: Black Market Exchange Rate For March 7, 2025, Revealed!

Dollar To Naira: Black Market Exchange Rate For March 7, 2025, Revealed!

The exchange rate between the US Dollar and Nigerian Naira in the black market, also known as the parallel market (Aboki FX), has been updated for today, March 7, 2025. Below are the latest rates for March 6…….READ MORE

Current Black Market Rates (Aboki FX)

According to sources at the Bureau De Change (BDC), traders at the Lagos parallel market are buying dollars at ₦1550 and selling at ₦1580 as of Thursday, March 6, 2025.

Note: The Central Bank of Nigeria (CBN) does not officially recognize the black market and has advised individuals looking to trade foreign exchange to use official banking channels.

Dollar to Naira Exchange Rates Today
Black Market Buying Rate: ₦1550
Black Market Selling Rate: ₦1580
CBN Official Exchange Rate
Highest Rate: ₦1520
Lowest Rate: ₦1505

It is important to note that foreign exchange rates fluctuate, and the prices at which individuals buy or sell forex may vary from the figures provided.

Dangote Group Tops Nigeria’s Taxpayer List, Remits Over ₦402 Billion In 2024

Dangote Industries Limited (DIL), along with its subsidiaries, has announced that it paid a total of ₦402.319 billion in taxes in 2024, making it the highest taxpayer in Nigeria.

The company’s Chief Branding and Communications Officer, Anthony Chiejina, disclosed this in a statement on Thursday, reaffirming the company’s commitment to meeting its tax obligations at all levels.

The payment covers subsidiaries such as Dangote Cement, NASCON, and Dangote Packaging Limited, among others. Dangote Group also reiterated its dedication to Corporate Social Responsibility (CSR) initiatives in its host communities.