Dollar to Naira Exchange Rate: Black Market (Aboki FX) Rates for March 22, 2025

Dollar to Naira Exchange Rate: Black Market (Aboki FX) Rates for March 22, 2025

The exchange rate between the US dollar and the Nigerian naira remains a key concern for businesses and individuals. Below are the latest black market rates for March 22, 2025.

Black Market Dollar to Naira Exchange Rate Today
As of Friday, March 21, 2025, the exchange rate at the Lagos Parallel Market (Black Market) saw traders buying a dollar at ₦1,580 and selling at ₦1,590, according to sources at the Bureau De Change (BDC).

Please note: The Central Bank of Nigeria (CBN) does not officially recognize the black market and has advised individuals to conduct foreign exchange transactions through their respective banks.

Dollar to Naira Exchange Rates
Black Market (Aboki FX) Rates:
Buying Rate: ₦1,580

Selling Rate: ₦1,590

CBN Official Exchange Rates:
Highest Rate: ₦1,545

Lowest Rate: ₦1,526

Disclaimer: The actual rates for buying or selling foreign exchange may vary depending on location and transaction volume.

FG’s ‘Naira-for-Crude’ Panel to Reconvene Amid Dangote Refinery Dispute
In related developments, the Federal Government’s committee overseeing the Naira-for-Crude initiative is set to reconvene on Monday to deliberate on the future of its crude supply agreement with Dangote Refinery.

This follows Dangote Refinery’s recent move to halt the sale of petroleum products in naira, signaling a breakdown in negotiations with the Nigerian National Petroleum Company Limited (NNPCL) over the crude-for-naira deal.

Despite ongoing uncertainties, government officials suggest that the agreement may still continue. However, a major challenge is NNPCL’s limited crude supply, as large volumes are already tied to crude-backed loan agreements with foreign creditors.

To address this issue, the committee has directed the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to explore alternative solutions, which will be reviewed in Monday’s meeting.