Updates On Black Market Dollar To Naira Today 26th February 2025

Updates On Black Market Dollar To Naira Today 26th February 2025

What is the exchange rate of the US dollar to the Nigerian naira at the black market, also known as the parallel market (Aboki FX)?

Below is the exchange rate for 26th February 2025, showing how you can buy or sell dollars in the black market.…….READ MORE 

At the Lagos Parallel Market (Black Market), Bureau De Change (BDC) sources report that:

• Buying Rate: ₦1,480 per dollar
• Selling Rate: ₦1,490 per dollar

According to the Central Bank of Nigeria (CBN), the official exchange rates are as follows:

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

Note: The Central Bank of Nigeria (CBN) does not officially recognize the parallel market. Individuals looking to engage in forex transactions are advised to do so through their respective banks.