The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continued to fluctuate on Sunday, December 28, 2025, at the parallel market, popularly known as the black market or Aboki FX.
Findings from Bureau De Change (BDC) operators in Lagos revealed that the dollar was sold at ₦1,475 and bought at ₦1,467 in the black market.
This means Nigerians exchanging dollars for naira at the unofficial market would receive the currency within this range, depending on location, demand, and negotiation strength.
Black Market (Aboki FX) Dollar to Naira Rate Today
Selling price: ₦1,475 per $1
Buying price: ₦1,467 per $1
CBN Official Exchange Rate Band
At the Central Bank of Nigeria (CBN) window:
Highest rate: ₦1,455 per $1
Lowest rate: ₦1,435 per $1
The CBN has repeatedly warned that it does not recognize or support the parallel market, advising individuals and businesses seeking foreign exchange to transact through official banking channels.
However, many Nigerians continue to rely on the black market due to limited access to forex through official windows.
Note: Exchange rates may vary from one city or trader to another as market conditions change.