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Exchange Rate Shock: Naira Plunges To ₦1,612.50 per Dollar In Unregulated Market
What Is the Dollar to Naira Exchange Rate at the Black Market (Aboki fx)?....KINDLY READ THE FULL STORY HERE▶
Here is the current black market exchange rate for the U.S. Dollar to Nigerian Naira as of Wednesday, April 16, 2025. These are the rates at which you can exchange your dollars in the parallel market.
Dollar to Naira Black Market Rate Today (Aboki fx):
At the Lagos Parallel Market (commonly known as the Black Market), Bureau De Change (BDC) operators are buying the dollar at ₦1600 and selling it at ₦1610, according to market sources.
⚠️ Note: The Central Bank of Nigeria (CBN) does not recognize the parallel market. It advises those seeking foreign exchange to do so through official banking channels.
Exchange Summary for April 16, 2025:
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Black Market (Aboki fx) | ₦1600 | ₦1610 |
| CBN Official Rates (USD to NGN) | Rate Range |
|---|---|
| Highest Rate | ₦1630 |
| Lowest Rate | ₦1593 |
Please note that forex rates may vary depending on location, demand, and negotiation. Actual transaction rates may differ from those quoted here.
Meanwhile, the Naira appreciated in the parallel market on Tuesday, trading stronger than the previous day. However, it experienced a slight decline in value in the Nigerian Foreign Exchange Market (NFEM).
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