Dollar To Naira Black Market Rate Climbs Amid Economic Uncertainty

Check out the Dollar to Naira exchange rate for April 4, 2025, below. You can exchange your dollar for Naira at these rates.

How much is the dollar worth today in the black market?

Dollar to Naira Exchange Rate for Today in the Black Market (Aboki Dollar Rate):

• Buying Rate: ₦1,555

• Selling Rate: ₦1,565

This rate is based on the rates observed in the Lagos Parallel Market (Black Market), where players buy a dollar for ₦1,555 and sell it for ₦1,565 as of Friday, April 4, 2025, according to Bureau De Change (BDC) sources.

It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market). The CBN has instructed individuals interested in Forex transactions to approach their respective banks for official exchange rates.

Dollar to Naira Black Market Rate Today:

• Buying Rate: ₦1,555

• Selling Rate: ₦1,565

Dollar to Naira CBN Rate Today:

• Highest Rate: ₦1,625

• Lowest Rate: ₦1,519

Keep in mind that the rates you encounter for buying or selling foreign exchange may differ from those mentioned here, as rates can fluctuate.

Meanwhile, food prices have seen a significant decline across several parts of the North-East, marking the first price reduction since the fuel subsidy was removed in 2023.

A recent survey by the News Agency of Nigeria (NAN) showed that prices of staple food crops in Adamawa, Yobe, and Borno States have notably dropped. In Jimeta Market, Adamawa, a 100kg bag of maize that was priced at ₦60,000 – ₦65,000 in late 2024 is now down to ₦40,000 – ₦45,000. The price of a 100kg bag of local rice also dropped from ₦60,000 – ₦65,000 to ₦45,000, and beans saw a steep decline, from ₦190,000 to ₦95,000 for the same quantity.

However, despite the overall decrease in food crop prices, some items have become more expensive. For example, in Ganye Yam Market, Adamawa, the cost of 100 pieces of yam has soared from ₦70,000 – ₦80,000 to around ₦200,000, with individual tubers now priced between ₦2,000 and ₦2,500 depending on size.

Livestock prices have also risen in the region. In Ngurore and Mubi, the price of cattle has significantly increased over the past three years. A cow that previously sold for ₦200,000 – ₦300,000 now costs between ₦400,000 and ₦700,000, with some reaching as high as ₦1 million.