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Naira Under Siege: Black Market Exchange Rate Hits New High — Aug 24 Update

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What is the Dollar to Naira exchange rate at the black market (also known as the parallel market or Aboki fx)?
Check out the black market Dollar to Naira exchange rate for 23rd August 2025 below. These are the rates at which you can exchange your Dollar for Naira.....KINDLY READ THE FULL STORY HERE▶

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How much is a Dollar to Naira today in the black market?
According to sources at the Bureau De Change (BDC), the Dollar to Naira exchange rate in the Lagos Parallel Market (Black Market) on Saturday, 23rd August 2025 is:

  • Buying: ₦1555 per $1

  • Selling: ₦1550 per $1

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It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel (black) market. The CBN has directed individuals seeking foreign exchange (forex) to process transactions through their banks.

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Dollar to Naira Black Market Rate Today (23rd August 2025)

USD to NGN Black Market Exchange Rate
Buying ₦1555
Selling ₦1550
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Dollar to Naira CBN Rate Today (23rd August 2025)

USD to NGN CBN Official Rate
Highest ₦1536
Lowest ₦1534

⚠️ Please note that forex rates vary depending on location and trader. The rates listed here may differ slightly from what is obtainable in your area.

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