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Forex Frenzy: Black Market Dollar Rate Climbs to ₦1,620 Amid Economic Strain

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What is the Dollar to Naira Exchange Rate in the Black Market (Also Known as the Parallel Market or Aboki FX)?

Below is the black market exchange rate for the US Dollar to Nigerian Naira as of Sunday, 18th May 2025. These are the rates at which you can exchange your dollars for naira:

Black Market Dollar to Naira Exchange Rate (Aboki FX) – 18th May 2025:

According to sources at the Bureau De Change (BDC) in Lagos, the parallel market exchange rate stands as follows:

  • Buying Rate: ₦1,625 per $1

  • Selling Rate: ₦1,635 per $1

Please note: The Central Bank of Nigeria (CBN) does not recognize the parallel (black) market. It has advised individuals seeking foreign exchange to transact through their respective banks.

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Dollar to Naira CBN Official Exchange Rate – 18th May 2025:

  • Highest Rate: ₦1,603 per $1

  • Lowest Rate: ₦1,597 per $1

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