Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 3rd May 2025

Find below the black market exchange rate for Thursday, May 2nd, where you can exchange your dollar for naira.

Black Market (Aboki FX) Dollar to Naira Exchange Rate – 2nd May 2025:
At the Lagos Parallel Market, also known as the Black Market, dealers were buying dollars at ₦1,593 and selling at ₦1,600 on Thursday, May 2, 2025, based on information from Bureau De Change (BDC) sources.

Important Note:
The Central Bank of Nigeria (CBN) does not recognize the black market. It advises anyone needing foreign exchange to do so through official banking channels.

Today’s Black Market Rates (USD to NGN):

• Buying Rate: ₦1,593

• Selling Rate: ₦1,600

CBN Official Rates (USD to NGN):

• Highest Rate: ₦1,606

• Lowest Rate: ₦1,600

Please keep in mind that actual rates may vary depending on location and the dealer.

In other news, Akinwumi Adesina, President of the African Development Bank (AfDB), has urged the Nigerian government to prioritize addressing the country’s power supply issues to foster national development.