It is important for car dealers to understand the rate of the dollar on the black market as they spend a lot of money in dollars, including buying and clearing vehicles from customs.
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If you want to know the dollar to naira exchange rate on the black market (also known as Aboki FX), you can find the rate for March 25th below. You can use these rates to exchange your dollars for naira.
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What is the current dollar to naira exchange rate on the black market?
According to sources at Bureau De Change (BDC), as of Monday, March 25th, 2024, players at the Lagos Parallel Market (Black Market) buy a dollar for N1455 and sell it for N1460.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1455 |
| Selling Rate | N1460 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1447 |
| Selling Rate | 1448 |
Please note that the Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals who want to engage in Forex to approach their respective banks.
Custom Exchange Rate
The official Custom Exchange Rate is the only rate accepted when clearing your vehicles from the port. Today, the official Custom Exchange Rate to the United States Dollar is traded at N1448.386.
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