The Nigerian currency continued to fluctuate against the United States dollar on Wednesday, September 10, 2025, as traders at the parallel market, also known as the black market (Aboki fx), quoted varying rates.

According to Bureau De Change (BDC) operators in Lagos, the dollar was bought at ₦1,530 and sold at ₦1,510 in the black market.

However, the Central Bank of Nigeria (CBN) maintained that it does not recognize the parallel market. The apex bank insists that individuals seeking foreign exchange should conduct transactions only through official channels, particularly commercial banks.

At the CBN’s official window, the dollar traded between ₦1,498 and ₦1,507 on Wednesday.

Summary of Rates:

  • Black Market (Parallel Market):

    • Buying: ₦1,530

    • Selling: ₦1,510

  • CBN Official Window:

    • Lowest: ₦1,498

    • Highest: ₦1,507

It is important to note that exchange rates vary depending on location and demand.