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Exchange Rate Shock: Naira Hits New Low at ₦1,635 per Dollar in Parallel Market

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11 months ago

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What Is the Dollar to Naira Exchange Rate in the Black Market (Aboki FX)?

Find below the parallel market (black market) exchange rate for the US Dollar to Nigerian Naira as of Tuesday, May 13, 2025. These are the rates at which you can exchange your dollars for naira.

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Black Market Dollar to Naira Exchange Rate (Aboki Rate) – May 13, 2025:

According to sources within the Bureau De Change (BDC) in Lagos, dollar trades in the parallel market are as follows:

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  • Buying Rate: ₦1,630/$1

  • Selling Rate: ₦1,635/$1

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals seeking foreign exchange to do so through their respective banks.

Dollar to Naira Exchange Rates Today

Category USD to NGN Exchange Rate
Black Market – Buying ₦1,630
Black Market – Selling ₦1,635
CBN Official Rate – Highest ₦1,610
CBN Official Rate – Lowest ₦1,597

Note: Exchange rates can vary based on location, time of day, and transaction volume. Always confirm with your dealer before proceeding.

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