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Dollar Soars Again! Naira Battles For Stability As FX Market Tightens — October 12 Update
What is the exchange rate of the U.S. Dollar to the Nigerian Naira at the black market, also known as the parallel market or Aboki FX?
Below is the Dollar to Naira black market rate for Saturday, October 11, 2025. You can exchange your dollars for naira at the rates provided below.....KINDLY READ THE FULL STORY HERE▶
Black Market (Aboki FX) Exchange Rate
According to traders at the Lagos Parallel Market (Bureau De Change), the Dollar is being sold at ₦1,510 and bought at ₦1,490 per $1 on Saturday, October 11, 2025.
⚠️ Note: The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). Individuals seeking foreign exchange are advised to approach their respective banks.
Dollar to Naira Exchange Rates Today
| Market Type | USD to NGN | Buying Rate | Selling Rate |
|---|---|---|---|
| Black Market (Aboki FX) | — | ₦1,490 | ₦1,510 |
CBN Official Exchange Rate
| Market Type | USD to NGN | Lowest Rate | Highest Rate |
|---|---|---|---|
| CBN Rate | — | ₦1,445 | ₦1,462 |
Please note that actual buying or selling rates may vary depending on location and dealer.
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