Forex Crisis Deepens: Black Market Dollar To Naira Exchange Rate Surges On March 20

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.