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Forex Crisis Deepens: Black Market Dollar To Naira Exchange Rate Surges On March 20
Current Dollar to Naira Exchange Rate in the Black Market (Parallel Market) – March 19, 2025....KINDLY READ THE FULL STORY HERE▶
Wondering how much a dollar is trading for in the black market, also known as the parallel market (Aboki FX)? Here’s the latest update.
Black Market Dollar to Naira Exchange Rate – March 19, 2025
At the Lagos Parallel Market (Black Market), Bureau De Change (BDC) operators report that:
- Buying Rate: ₦1575 per dollar
- Selling Rate: ₦1585 per dollar
CBN Official Dollar to Naira Exchange Rate – March 19, 2025
While the Central Bank of Nigeria (CBN) does not recognize the black market, it has set the following rates for official forex transactions:
- Highest Rate: ₦1545 per dollar
- Lowest Rate: ₦1500 per dollar
⚠ Note: Forex rates fluctuate, and the rate at which you buy or sell may vary depending on the trader or location.
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