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Sh*ck Drop Or Rise? See Today’s USD To NGN Black Market Exchange Rate – 24th February 2025

What is the Current Dollar to Naira Exchange Rate at the Black Market (Aboki FX)?....KINDLY READ THE FULL STORY HERE▶
Check out today’s black market exchange rate for the U.S. dollar to naira on February 23, 2025. Below are the latest rates at which you can exchange your dollars.
How Much is a Dollar to Naira in the Black Market Today?
Latest Black Market (Aboki FX) Dollar to Naira Exchange Rate:
At the Lagos Parallel Market (Black Market), traders are currently buying 1 USD for ₦1520 and selling at ₦1530 on Sunday, February 23, 2025, according to sources from the Bureau De Change (BDC).
⚠️ Note: The Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) and has urged individuals seeking forex to approach their banks instead.
Dollar to Naira Black Market Exchange Rate Today
USD to NGN | Black Market Exchange Rate (23rd February 2025) |
---|---|
Buying Rate | ₦1520 |
Selling Rate | ₦1530 |
Dollar to Naira CBN Official Exchange Rate Today
USD to NGN | CBN Official Rate (23rd February 2025) |
---|---|
Highest Rate | ₦1509 |
Lowest Rate | ₦1491 |
Please note that exchange rates may vary based on location, negotiation, and demand.
CBN’s Stance on Forex & Banking Policies
The CBN recently defended its decision to increase charges on cash withdrawals from ATMs of other banks. According to the apex bank, the move is aimed at encouraging banks to enhance access to cash at their ATMs.
Following its Monetary Policy Committee (MPC) meeting on Tuesday, the CBN announced that the Monetary Policy Rate (MPR) would remain at 27.5%, maintaining key economic policies.