The exchange rate between the U.S. Dollar (USD) and the Nigerian Naira (NGN) at the parallel market, also known as the black market or Aboki FX, saw minimal movement on Sunday, October 14, 2025.
According to traders at the Lagos Bureau De Change (BDC), the dollar was sold at ₦1,510 and bought at ₦1,490.
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, advising individuals seeking foreign exchange to conduct transactions through authorized financial institutions.
Black Market (Aboki FX) Exchange Rate – October 12, 2025
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| USD to NGN | ₦1,490 | ₦1,510 |
CBN Official Exchange Rate
| Category | Rate |
|---|---|
| Highest Rate | ₦1,462 |
| Lowest Rate | ₦1,445 |
As always, exchange rates may vary slightly depending on location and trader discretion. Individuals and businesses are advised to verify rates before making transactions.
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Finance