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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st May 2025

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12 months ago

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Here’s the black market exchange rate for the U.S. dollar to the Nigerian naira as of Tuesday, April 30, 2025. These are the rates at which you can exchange your dollars for naira on the parallel market.....KINDLY READ THE FULL STORY HERE▶

How Much Is a Dollar to Naira Today in the Black Market?

According to sources at the Bureau De Change (BDC), traders in the Lagos Parallel Market (Black Market) are buying dollars at ₦1601 and selling at ₦1610 on April 30, 2025.

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Please note that the Central Bank of Nigeria (CBN) does not officially recognize the black market. The CBN has advised all foreign exchange transactions to be conducted through authorized banks.

Dollar to Naira – Black Market Exchange Rate (Aboki FX)

Type Rate (₦)
Buying Rate ₦1601
Selling Rate ₦1610

Dollar to Naira – CBN Official Rate

Type Rate (₦)
Highest Rate ₦1603
Lowest Rate ₦1580
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Note: Actual exchange rates may differ slightly at different locations or times, depending on market dynamics.

In a related development, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the recent drop in cooking gas prices to the decline in the cost of Premium Motor Spirit (PMS), commonly known as petrol.

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