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Naira’s Decline Continues: Black Market Rates Reach ₦1,619 per USD
What is the Black Market Exchange Rate for Dollar to Naira (Aboki FX)?
Check below for the Dollar to Naira exchange rate in the parallel market (commonly referred to as Aboki FX) for May 12, 2025. These are the prevailing rates at which you can exchange your dollars.
Current Black Market Dollar to Naira Rate – May 12, 2025
At the Lagos Parallel Market (Black Market), currency dealers were buying the US dollar at ₦1,615 and selling at ₦1,625 as of Monday, May 12, 2025. This information is based on updates from Bureau De Change (BDC) sources.
Important Note:
The Central Bank of Nigeria (CBN) does not officially recognize the black market. It has advised individuals seeking foreign exchange transactions to do so through licensed banks.
Dollar to Naira – Black Market Rates Today:
| USD to NGN (Black Market) | Rate |
|---|---|
| Buying Rate | ₦1,615 |
| Selling Rate | ₦1,625 |
Dollar to Naira – CBN Rates Today:
| USD to NGN (CBN Official Rate) | Rate |
|---|---|
| Highest Rate | ₦1,605 |
| Lowest Rate | ₦1,595 |
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