Black Market Dollar (USD) To Naira (NGN) Exchange Rate For Today, January 16, 2025

What is the Current Dollar to Naira Exchange Rate in the Black Market (Parallel Market/Aboki FX)?....KINDLY READ THE FULL STORY HERE▶

Below is the black market Dollar to Naira exchange rate for January 15, 2025. These rates indicate the amount you can exchange your dollars for naira.

How Much is a Dollar to Naira Today in the Black Market?
Black Market Dollar to Naira Exchange Rate (Aboki Dollar Rate):
In Lagos Parallel Market (Black Market), traders buy a dollar at N1655 and sell at N1660 on Wednesday, January 15, 2025, according to sources from the Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, advising individuals to conduct Forex transactions directly through their banks.

Dollar to Naira Black Market Rates Today

Dollar to Naira CBN Rates Today

Note: Exchange rates may vary depending on the dealer, and actual buying or selling prices might differ from those mentioned above.

Nigeria’s Inflation Rate Update
Nigeria’s inflation rate rose slightly in December 2024, climbing to 34.8% from 34.6% in November. This increase was attributed to heightened demand for goods and services during the festive season.

According to the National Bureau of Statistics (NBS) in its December 2024 Consumer Price Index (CPI) report:

• The Headline inflation rate increased marginally by 0.20% compared to November 2024.
• The rise was largely due to festive-period demand.

Year-on-Year, the inflation rate for December 2024 was 5.87% higher than December 2023’s figure of 28.92%, signaling a substantial increase in inflation between the two periods.

The NBS explained:
“December 2024’s Headline inflation rate reflects a marginal increase of 0.20% compared to November 2024, driven by festive season demand for goods and services.”