The Nigerian naira continued to trade under pressure on Friday, September 5, 2025, as new figures emerged from the parallel market, popularly known as Aboki fx.

How much is a dollar to naira today in the black market?

According to Bureau De Change (BDC) operators in Lagos:

  • Buying Rate: ₦1,545 per $1

  • Selling Rate: ₦1,540 per $1

This reflects the rates at which traders are currently exchanging dollars for naira in the black market.

Dollar to Naira CBN Rate Today

The Central Bank of Nigeria (CBN), however, maintains different official rates:

  • Highest Rate: ₦1,529 per $1

  • Lowest Rate: ₦1,508 per $1

It’s important to note that the CBN does not recognize the black market (parallel market) for foreign exchange. The apex bank advises individuals and businesses to transact only through official banking channels for forex.

Why the Difference in Rates?

The wide gap between the official CBN rates and black market rates highlights the persistent scarcity of dollars in Nigeria, driven by high demand for foreign currency, import dependence, and speculative trading.

Disclaimer: Rates may vary across states and trading hubs, depending on market demand and transaction volume.