Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 16th April 2025

What is the Black Market Exchange Rate for Dollar to Naira (Aboki FX) Today?....KINDLY READ THE FULL STORY HERE▶

Below is the black market exchange rate for the US Dollar to Naira as of Tuesday, April 15, 2025. These are the rates at which you can exchange your dollars for naira in the parallel market, commonly referred to as Aboki FX.

Dollar to Naira Black Market Rate – April 15, 2025

According to sources at the Bureau De Change (BDC), traders at the Lagos Parallel Market buy the dollar at ₦1600 and sell at ₦1620.

⚠️ Note: The Central Bank of Nigeria (CBN) does not officially recognize the black market. The CBN advises anyone interested in forex transactions to use official banking channels.

Exchange Rates Overview

Please keep in mind that actual buying or selling rates may differ slightly depending on the location and trader.

Nigeria’s Inflation Hits 24.23% in March 2025

The National Bureau of Statistics (NBS) has reported a further surge in Nigeria’s inflation, with the headline inflation rate reaching 24.23% in March 2025, a 1.05% jump from the 23.18% recorded in February.

In its latest Consumer Price Index (CPI) report, the NBS revealed that the CPI climbed to 117.34 in March, marking a 4.4-point increase within one month.

“In March 2025, the headline inflation rose to 24.23%, up from 23.18% in February, indicating a monthly increase of 1.05 percentage points,” the report stated.