The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) at the black market, also known as the parallel market or Aboki FX, continues to fluctuate as traders in major cities report varying rates.
According to information from Bureau De Change (BDC) operators in Lagos on Monday, November 3, 2025, the Dollar is being sold at ₦1,450 and bought at ₦1,440 per $1.
However, the Central Bank of Nigeria (CBN) maintains that it does not recognize the black market and has urged Nigerians to conduct all foreign exchange transactions through official banking channels.
Black Market (Aboki FX) Rate Today:
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Selling Rate | ₦1,450 |
| Buying Rate | ₦1,440 |
Official CBN Rates:
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,434 |
| Lowest Rate | ₦1,415 |
Please note that exchange rates may differ depending on your location and the dealer you transact with.
Disclaimer:
The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals to source foreign exchange through official channels.
Tags:
Finance