Financial Alarm Bells: Naira’s Decline Continues with Dollar Reaching ₦1,625 in Black Market”

Published May 25, 2025 at 6:18 AM

By ireporteronline Staff

What Is the Dollar to Naira Exchange Rate at the Black Market (Aboki fx)?

Find below the black market (parallel market) exchange rate for the U.S. Dollar to Naira as of Saturday, May 24, 2025. These are the prevailing rates at which you can exchange your dollars for naira.

Black Market (Aboki fx) Dollar to Naira Rate – May 24, 2025:

At the Lagos Parallel Market (Black Market), Bureau De Change (BDC) sources report that the U.S. Dollar was bought at ₦1610 and sold at ₦1614.

Note: The Central Bank of Nigeria (CBN) does not recognize the parallel market and has advised individuals seeking foreign exchange (forex) to transact through official banking channels.

Dollar to Naira – Black Market Exchange Rate Today: