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Shock In The Parallel Market: Black Market Dollar To Naira Today February 26, 2025

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Shock In The Parallel Market: Black Market Dollar To Naira Today February 26, 2025

What is the exchange rate of the US dollar to the Nigerian naira in the black market, also known as the parallel market (Aboki FX)? Below are the rates for February 26, 2025. If you’re looking to exchange dollars for naira, these are the prevailing rates:……READ  MORE 

  • Buying Rate: ₦1,475 per $1
  • Selling Rate: ₦1,485 per $1

These rates are based on information from Bureau De Change (BDC) operators in Lagos.

The Central Bank of Nigeria (CBN) does not recognize or regulate black market transactions. The official exchange rate set by the CBN stands at:

  • Highest Rate: ₦1,505 per $1
  • Lowest Rate: ₦1,495 per $1

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