The Dollar to Naira exchange rate at the black market (also known as the parallel market or Aboki FX) continues to fluctuate as forex traders in Lagos and other major cities report new figures for Friday, 24th October 2025.
According to reliable sources at the Bureau De Change (BDC), traders are buying the U.S. Dollar at ₦1,475 and selling at ₦1,499.
Black Market Dollar to Naira Exchange Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate (Aboki FX) |
|---|---|
| Buying Rate | ₦1,475 |
| Selling Rate | ₦1,499 |
CBN Official Dollar to Naira Rate Today
Meanwhile, the Central Bank of Nigeria (CBN) maintains a more regulated exchange rate window. At the official CBN market, the Dollar traded between ₦1,458 and ₦1,464 on Friday, 24th October 2025.
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Lowest Rate | ₦1,458 |
| Highest Rate | ₦1,464 |
The CBN has continued to warn Nigerians against trading in the parallel market, stressing that it does not recognize black market rates. The apex bank advises individuals seeking foreign exchange to approach their respective banks or licensed forex dealers for legitimate transactions.
What This Means for You
With the Naira still facing pressure from rising import costs and dollar scarcity, experts recommend keeping an eye on daily fluctuations, as exchange rates may vary across states and Bureau De Change operators.
Disclaimer: Forex rates vary depending on demand and location. The figures above represent the average rates gathered from major Lagos parallel market traders on Friday, 24th October 2025.