As of Wednesday, October 8, 2025, the exchange rate for the US Dollar to the Nigerian Naira has continued to fluctuate in the parallel (black) market, also known as Aboki FX.
According to information from traders at the Lagos Bureau De Change (BDC), the Dollar is being sold at ₦1,500 and bought at ₦1,480 in the black market.
This means that anyone looking to exchange foreign currency on the street can expect to get around ₦1,480 for each Dollar when selling, and pay about ₦1,500 when buying.
However, the Central Bank of Nigeria (CBN) has repeatedly warned against using the black market for foreign exchange transactions, emphasizing that it does not officially recognize the parallel market. The apex bank advises individuals and businesses to conduct foreign exchange dealings through official banking channels.
Dollar to Naira Black Market Rate Today (October 8, 2025)
- Buying Rate: ₦1,480
- Selling Rate: ₦1,500
Dollar to Naira CBN Official Rate Today
- Highest Rate: ₦1,475
- Lowest Rate: ₦1,468
It is important to note that actual exchange rates may vary depending on location, volume, and individual trader negotiations.
For accurate and safe foreign exchange transactions, the CBN continues to encourage Nigerians to use licensed financial institutions and avoid unofficial currency dealers.