Dollar To Naira Shocker: See Today’s Black Market Exchange Rate – February 1, 2025

Black Market Dollar to Naira Exchange Rate – February 1, 2025....KINDLY READ THE FULL STORY HERE▶

Curious about today’s Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here’s the latest update for February 1, 2025.

How Much Is a Dollar to Naira Today in the Black Market?
At the Lagos Parallel Market (Black Market), sources from Bureau De Change (BDC) report that traders are buying 1 USD at ₦1,610 and selling at ₦1,620 as of Friday, January 31, 2025.

Note: The Central Bank of Nigeria (CBN) does not recognize transactions in the parallel market and advises individuals seeking foreign exchange (Forex) to conduct transactions through official banking channels.

Dollar to Naira Black Market Rates Today:

• Buying Rate: ₦1,610
• Selling Rate: ₦1,620

CBN Official Dollar to Naira Rates Today:

• Highest Rate: ₦1,517
• Lowest Rate: ₦1,490

Keep in mind that actual buying or selling rates may differ slightly depending on location and market demand.

Naira Strengthens in Official Market:
Meanwhile, the Nigerian Naira appreciated in the official foreign exchange market, strengthening from ₦1,506/$1 on Wednesday to ₦1,493/$1 on Thursday, January 30, 2025—a gain of ₦13 according to data from the CBN.