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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th May 2025

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12 months ago

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Here’s the current black market exchange rate for the U.S. Dollar to Nigerian Naira as of May 3, 2025. If you’re looking to exchange dollars for naira, below are the prevailing rates from traders at the parallel market.....KINDLY READ THE FULL STORY HERE▶

Black Market Dollar to Naira Rate (May 3, 2025):
According to information gathered from Bureau De Change (BDC) sources in Lagos, traders are buying dollars at ₦1,595 and selling at ₦1,610.

Please be aware that these rates may vary slightly depending on location and trader, and they are subject to change throughout the day.

Note: The Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals in need of foreign exchange to use official banking channels.

Dollar to Naira Exchange Rates Summary:

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Market Type Buying Rate Selling Rate
Black Market (Aboki FX) ₦1,595 ₦1,610
CBN Official Rate ₦1,600 – ₦1,606 N/A

Naira Weakens in Official Market:
As reported on the CBN website, the Naira depreciated further in the official window, trading at ₦1,602.18/$1, marking a drop of ₦5.49 or 0.34% compared to the previous rate of ₦1,596.69 on April 30.

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Before the Workers’ Day public holiday on May 1, the naira had shown some stability, with rates hovering around ₦1,599.95, ₦1,599.71, and ₦1,596.69 between April 28 and 30. However, it ended the week with a downward trend, also reflecting a minor loss of 0.02% at the start of the trading week.

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