Black Market Dollar (USD) To Naira (NGN) Exchange Rate For January 4, 2025

Current Dollar to Naira Exchange Rate at the Black Market (Parallel Market) – 4th January 2025″....KINDLY READ THE FULL STORY HERE▶

Check out the latest Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx). Below are the rates for January 3, 2025, where you can exchange your dollars for naira.

What is the current Dollar to Naira exchange rate in the black market today?

Dollar to Naira Black Market Rate (Aboki Dollar Rate):

• Buying Rate: ₦1660
• Selling Rate: ₦1665

On January 3, 2025, players in the Lagos Parallel Market (Black Market) are buying dollars at ₦1660 and selling at ₦1665, according to Bureau De Change (BDC) sources.

It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and has instructed individuals to engage in Forex transactions through authorized banks.

CBN Official Dollar to Naira Rates:

• Highest Rate: ₦1540
• Lowest Rate: ₦1531

Exchange rates may vary, and the rates you encounter when buying or selling forex might differ from those listed here.

In other news, Economist Bismarck Rewane has expressed doubts about President Bola Tinubu’s goal of reducing Nigeria’s inflation rate to 15% by the end of 2025. Rewane described the target as overly optimistic and “bullish” during his appearance on Channels Television’s Business Morning.

Rewane suggested a more realistic inflation reduction target would be between 25% and 27%, rather than the 15% set by the president, pointing out that the current economic environment would make achieving such a drastic reduction unlikely.