What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate, Euro to Naira black market, Pounds to Naira black market for April 25, 2025, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos, Abuja and Port Harcourt Parallel Market (Black Market) yesterday closed at an average N1,295 per dollar according to data obtained from Bureau De Change (BDC) operators.
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Dollar to Naira Black Market Rate Today.
How much is $1 in Nigeria black market today?
CBN exchange rate dollar to Naira today
The CBN exchange rate dollar to Naira today is:
The Dollar to Naira Bank rate today is also the same as the CBN official rate. The only difference is just one to two naira difference from one bank to another.
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
The rates you buy or sell forex at Aboki exchange rate today in Lagos and other Aboki Forex rates may be different from what is captured in this article because prices vary.
Pounds to Naira Today
Pounds to NGN CBN Rate Today
- Buying Rate: N1,550
- Selling Rate: N1,560
Euro to Naira black market Today
Euro to Naira exchange rate Today
- Buying Rate: N1,345
- Selling Rate: N1,355
Meanwhile, at the Lagos Parallel Market, popularly referred to as the Black Market, the exchange rate between the US dollars and the Naira concluded at 1650 per dollar yesterday, as reported by sources in the Bureau De Change (BDC).
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BDC Operators Attribute Naira’s Depreciation Against Dollar to Cryptocurrency Platforms
The Association of Bureau De Change Operators of Nigeria (ABCON) has pointed fingers at peer-to-peer cryptocurrency platforms like Binance for the recent decline of the Naira against the Dollar in the foreign exchange market.
Aminu Gwadabe, the National President of ABCON, made this assertion during an interview with NAN on Wednesday, shedding light on the ongoing situation.
Gwadabe emphasized that as long as platforms such as Binance remain profitable, the depreciation trend of the Naira will persist.
He highlighted that the recent downturn in the Naira’s value has raised concerns among BDC operators.
“I am pleased that both the authorities and BDC operators have identified the peer-to-peer (P2P) platform,” Gwadabe remarked.
He elaborated on the P2P platform, likening it to Binance, where speculators utilize the Dollar to purchase USDT, a stablecoin pegged at a one-to-one ratio with the Dollar.
“As long as Binance and similar platforms continue to thrive, the Naira will experience further depreciation,” Gwadabe expressed.
He also noted the prevalence of numerous such platforms within the system, highlighting their online nature with no registration or restrictions in place.
The Naira’s recent decline against the Dollar in the foreign exchange market occurred despite the Central Bank of Nigeria’s provision of an additional $10,000 to eligible BDC operators on Tuesday.
Furthermore, the Economic and Financial Crime Commission (EFCC) has resumed its crackdown on Binance and other cryptocurrency platforms in a bid to safeguard the Naira in the FX market.
The anti-graft agency had previously arraigned Binance and two of its executives before an Abuja High Court over allegations of fraud and currency manipulation.
