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Dollar Hits New Heights: Naira Slips On October 17, 2025—See Today’s Rate
What is the current Dollar to Naira exchange rate in the black market, also known as the parallel market or Aboki FX?
Below is the latest update on the black market exchange rate for Thursday, October 16, 2025. You can exchange your dollars for naira at the following rates:....KINDLY READ THE FULL STORY HERE▶
Black Market (Parallel Market) Rate
According to sources at the Bureau De Change (BDC) in Lagos, the U.S. Dollar was sold at ₦1,502 and bought at ₦1,480 on Thursday, October 16, 2025.
⚠️ Note: The Central Bank of Nigeria (CBN) does not recognize the black market (parallel market) for foreign exchange transactions.
The apex bank advises individuals to obtain forex through official channels by approaching their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate (Today) |
|---|---|
| Selling Rate | ₦1,502 |
| Buying Rate | ₦1,480 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Exchange Rate (Today) |
|---|---|
| Highest Rate | ₦1,475 |
| Lowest Rate | ₦1,464 |
Disclaimer: Exchange rates may vary depending on location, time, and dealer. The figures provided above reflect average rates from key BDC operators and may differ slightly from actual transaction values.
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