Here Are five sensational headline options For The black market dollar To naira exchange rate On March 22, 2025

Dollar to Naira Exchange Rate on the Black Market (March 21, 2025)....KINDLY READ THE FULL STORY HERE▶

Looking for the latest Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki fx)? Here’s the current rate for March 21, 2025.

On the Lagos parallel market, the exchange rate for the Dollar to Naira is as follows:

• Buying Rate: ₦1580

• Selling Rate: ₦1590

These rates were sourced from Bureau De Change (BDC) operators on Friday, March 21, 2025.

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and has instructed individuals to approach their respective banks for forex transactions.

Official CBN Exchange Rate

• Highest Rate: ₦1545

• Lowest Rate: ₦1526

Please be aware that exchange rates fluctuate, so the rates you experience may differ from what is mentioned here.

Meanwhile, the Federal Government’s Naira-for-crude panel is set to meet on Monday to discuss the continuation of the crude supply deal with Dangote Refinery amidst ongoing uncertainties over fuel prices. Sources within the Ministries of Petroleum Resources and Finance, speaking anonymously, revealed that Dangote Refinery has halted the sale of petroleum products in Naira, signaling a deadlock in discussions with the Nigerian National Petroleum Corporation Limited (NNPCL). Despite this, there are indications that the arrangement may proceed, although NNPCL is facing challenges with limited crude availability due to commitments made with foreign creditors under crude-backed loan agreements. The Nigeria Upstream Petroleum Regulatory Commission has been tasked with exploring solutions, which will be reviewed in Monday’s meeting.