Economic Alarm Bells Ring as USD/Naira Black Market Rate Hits New High!

What is the Dollar to Naira Exchange Rate at the Black Market (Parallel Market – Aboki FX)?

Check out the black market exchange rate for the U.S. Dollar to Naira as of Friday, May 23, 2025. Below are the current rates at which you can exchange dollars for naira:

Black Market Dollar to Naira Rate (Aboki FX) – 23rd May 2025
According to sources at the Bureau De Change (BDC) in Lagos, the Dollar to Naira exchange rate at the Parallel Market is:

• Buying Rate: ₦1,615 per $1

• Selling Rate: ₦1,625 per $1

Please note: The Central Bank of Nigeria (CBN) does not officially recognize rates from the parallel market. The CBN advises individuals seeking foreign exchange to use authorized banks.

Official CBN Dollar to Naira Rate – 23rd May 2025

• Highest Rate: ₦1,585

• Lowest Rate: ₦1,575