What is the Dollar to Naira Exchange Rate at the black market also known as the parallel market (Aboki fx)?
As of August 5th, 2025, the exchange rate for the U.S. dollar to the Nigerian Naira stands at 1 USD to 1560 NGN in the black market, also referred to as the parallel market or Aboki fx.
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 Parallel Market (Black Market) players buy a dollar for N1560 and sell at N1565 on Tuesday, 5th August, 2025, according to sources at Bureau De Change (BDC).
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.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1560 |
| Selling Rate | N1565 |
In cities like Lagos, Abuja, Kano, and others, these rates are based on what individual bureaux de change or unofficial vendors offer on the street or in informal markets. Compared to official Central Bank rates, which are typically between ₦1,530 and ₦1,535 per USD, they are much higher.
Depending on supply, demand, and regulatory pressure, black-market rates can change rapidly; prices may differ slightly by dealer or location.
