Dollar to Naira Black Market Rate for October 3, 2025
The black market, also known as the parallel market or Aboki FX, has set the exchange rate for the US dollar at ₦1,470 for selling and ₦1,450 for buying on Friday, October 3, 2025, according to sources at Bureau De Change (BDC) in Lagos.
The Central Bank of Nigeria (CBN) does not recognize the parallel market and has advised individuals who wish to engage in foreign exchange to conduct transactions through licensed banks.
For comparison, the official CBN rate for the dollar today ranges from ₦1,446 to ₦1,472.
It is important to note that black market rates may fluctuate frequently, and the rates at which individuals can buy or sell dollars may vary slightly from those reported.
Dollar to Naira Rates – October 3, 2025
| Market | Selling Rate | Buying Rate |
|---|---|---|
| Black Market | ₦1,470 | ₦1,450 |
| CBN Official Rate | ₦1,472 (Highest) | ₦1,446 (Lowest) |
