Currency Alert: Dollar Dominates Naira At Mid-₦1,400s Level — October 26 Update

What is the current Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX)? Below is the latest update for Saturday, October 25, 2025, including both buying and selling rates.

According to sources at the Bureau De Change (BDC), the exchange rate at the Lagos Parallel Market shows that a dollar is sold for ₦1,499 and bought at ₦1,480.

It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The apex bank has advised individuals seeking foreign exchange to transact through their respective banks.

Please note that the actual rate at which you buy or sell dollars may vary slightly from the figures listed above, as forex prices can fluctuate depending on location and demand.