The dollar to naira exchange rate in the parallel market, also known as the black market or Aboki FX, has continued to fluctuate as currency traders in Lagos and other major cities disclose current buying and selling rates.
As of Sunday, 28th December 2025, findings from Bureau De Change (BDC) operators show that the United States Dollar is being sold at ₦1,475 while it is bought at ₦1,467 in the black market.
This means Nigerians who wish to exchange dollars for naira at the parallel market can expect to sell at around ₦1,467 per dollar and buy at around ₦1,475 per dollar, depending on location and individual negotiations.
Meanwhile, at the official Central Bank of Nigeria (CBN) window, the dollar traded at rates fluctuating between ₦1,435 and ₦1,455.
It is important to note that the CBN does not recognise the black market and has consistently advised individuals to approach their banks and authorised dealers for foreign exchange transactions.
Summary of Today’s Rates (Parallel Market)
Selling price: ₦1,475 per $1
Buying price: ₦1,467 per $1
CBN Official Rate Range
Highest rate: ₦1,455 per $1
Lowest rate: ₦1,435 per $1
Rates may vary slightly across different cities and traders due to demand and supply forces in the informal FX market.