Currency Crisis Deepens! Dollar To Naira Black Market Rate For April 15, 2025 Revealed

Black Market Dollar to Naira Exchange Rate Today – April 14, 2025....KINDLY READ THE FULL STORY HERE▶

What is the current Dollar to Naira exchange rate at the black market (also known as the parallel market or Aboki fx)?

Find the black market exchange rate for the US Dollar to Naira as of Monday, April 14, 2025, below. These are the rates at which you can exchange dollars for naira.

How Much is a Dollar to Naira Today at the Black Market?

According to sources from Bureau De Change (BDC) operators in Lagos, the Dollar to Naira rate in the parallel market stands as follows:

• Buying Rate: ₦1,610 per $1

• Selling Rate: ₦1,620 per $1

Please note: These figures are sourced from black market traders and may vary depending on location and dealer.

CBN Official Dollar to Naira Exchange Rate Today

While the Central Bank of Nigeria (CBN) does not acknowledge rates from the black market, it has maintained the following official rates:

• Highest Rate: ₦1,630

• Lowest Rate: ₦1,570

The CBN continues to advise individuals and businesses seeking foreign exchange to approach their respective banks, as the official window remains the recognized channel for forex transactions.

Access Bank Acquires National Bank of Kenya

In related financial news, Access Bank PLC, a subsidiary of Access Holdings PLC, has received full regulatory approvals to acquire 100% ownership of the National Bank of Kenya (NBK).

According to a statement released by the Central Bank of Kenya (CBK) on Monday, Access Bank will complete the acquisition by purchasing all shares held by KCB Group PLC, which has been the sole owner of NBK since 2019.

• The CBK approved the transaction on April 4, 2025, under Section 13(4) of the Banking Act.

• Additional approval came from Kenya’s Cabinet Secretary for the National Treasury and Economic Planning on April 10, 2025, under Section 9 of the same Act.

As part of the deal, selected assets and liabilities of NBK will be transferred to KCB Bank Kenya Limited, a wholly owned subsidiary of KCB Group, a move that has also been cleared by both regulatory authorities.

NBK, founded in 1968 as a fully government-owned bank, was established to provide credit facilities and promote economic empowerment for Kenyans post-independence.