Naira’s Plunge Persists: Black Market Dollar Exchange Rate Peaks at ₦1,610″

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

Here is the current black market exchange rate for the U.S. Dollar to Naira as of Friday, May 3, 2025. These are the rates at which you can exchange your dollars for naira:

Black Market Dollar to Naira Exchange Rate (Aboki Rate) – May 3, 2025:

At the Lagos Parallel Market (also known as the black market), Bureau De Change (BDC) operators are buying dollars at ₦1,595 and selling at ₦1,610, according to market sources.

Important Notice:
The Central Bank of Nigeria (CBN) does not recognize transactions carried out in the parallel market. It has instructed all individuals seeking foreign exchange to use official banking channels.

Dollar to Naira Exchange Rates Today

Please note that forex rates may vary depending on location, demand, and market conditions.

Additionally, the official exchange rate for the Naira saw a dip in value, trading at ₦1,602.18 per dollar—reflecting a ₦5.49 depreciation, based on figures published on the CBN’s official website.