Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 19th April 2025

Black Market Dollar to Naira Exchange Rate Today – April 18, 2025

Wondering what the Dollar to Naira exchange rate is at the parallel market, popularly known as the black market (Aboki fx)? Here’s the current update for Friday, April 18, 2025.

What’s the current rate of Dollar to Naira at the black market?

At the Lagos Parallel Market (Black Market), dollar traders are buying at ₦1615 and selling at ₦1620, based on information gathered from Bureau De Change (BDC) operators.

Please note: The Central Bank of Nigeria (CBN) does not recognize or endorse transactions conducted in the black market. The apex bank encourages anyone seeking foreign exchange to use official banking channels.

Black Market Dollar to Naira Exchange Rate (Aboki Rate) – April 18, 2025

CBN Official Dollar to Naira Rate – April 18, 2025

Keep in mind: actual exchange rates may vary depending on your location and the vendor you’re dealing with.

Trump’s Tariffs Threaten Nigeria’s Exports – LCCI Warns

Meanwhile, the Lagos Chamber of Commerce and Industry (LCCI) has urged President Bola Ahmed Tinubu to adopt a strategic and diplomatic approach in addressing recent tariff hikes imposed by former U.S. President Donald Trump.

Speaking during a quarterly economic briefing in Lagos on Thursday, Gabriel Idahosa, President of LCCI, expressed concern over the 14% tariff increase, which he said poses a threat to Nigeria’s ₦323.96 billion in non-oil and non-energy exports to the United States in 2024.

“Given the impact of Trump’s tariffs on Nigeria’s exports, a well-thought-out and proactive response from the federal government is crucial,” Idahosa said.

He also advised the Nigerian government to diversify trade relationships by exploring new markets in Asia, Latin America, and other African nations, reducing dependency on traditional trading partners.

“Nigeria must aggressively pursue intra-African trade through the African Continental Free Trade Area (AfCFTA) and broaden bilateral trade agreements with emerging economies,” he added.