Exclusive: Black Market Dollar Soars To Hits Sky-High —What It Means For Your Wallet

Exclusive: Black Market Dollar Soars To Hits Sky-High —What It Means For Your Wallet

What is the current Dollar to Naira exchange rate in the black market, often referred to as the parallel market (Aboki fx)? Below, you can find the black market Dollar to Naira exchange rate for January 30. These are the rates at which you can exchange…Exclusive: Black Market Dollar Soars To Hits Sky-High —What It Means For Your Wallet

your dollars for Naira.

What is the black market rate for the Dollar to Naira today?
Dollar to Naira exchange rate at the black market (Aboki dollar rate):
At the Lagos Parallel Market, players are buying a dollar for N1625 and selling it for N1635 as of Thursday, January 30, 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, advising individuals interested in foreign exchange to approach their respective banks.

Today’s Black Market Rate for Dollar to Naira
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate: N1625
Selling Rate: N1635

Today’s CBN Rate for Dollar to Naira
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate: N1517
Lowest Rate: N1490

Be aware that the rates at which you buy or sell foreign exchange may differ from those stated here due to market variations.

In related news, the Naira saw an appreciation on Wednesday, rising to ₦1,630 per dollar in the parallel market from ₦1,640 per dollar the previous day.

The Naira also strengthened in the official foreign exchange market, reaching ₦1,507 per dollar.

Data released by the Central Bank of Nigeria (CBN) indicates that the exchange rate in the Nigerian Foreign Exchange Market (NFEM) fell to ₦1,507.3 per dollar from ₦1,520 per dollar on Tuesday, marking a ₦12.7 appreciation for the Naira.

Consequently, the difference between the parallel market rate and the NFEM rate rose to ₦122.7 per dollar, compared to ₦120 per dollar previously.

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