Black Market Sh*ck: Dollar Soars Against Naira On September 2, 2025

What is the current Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki FX)?

Below is the black market Dollar to Naira rate as of September 1, 2025. These are the rates at which you can swap your dollars for Naira:

Black Market (Parallel Market) Rate – Lagos

• Buying Rate: ₦1,540 per USD

• Selling Rate: ₦1,524 per USD

Sources at Bureau De Change (BDC) confirmed these figures.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN advises individuals wishing to transact in foreign exchange to do so through authorized banks.

CBN Official Rate (September 1, 2025)

• Highest Rate: ₦1,531 per USD

• Lowest Rate: ₦1,527 per USD

Keep in mind that rates may vary slightly depending on where you buy or sell your foreign currency.