Naijaonpoint Media reports that the Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX), continues to fluctuate amid ongoing pressure on foreign exchange supply.
How Much Is a Dollar to Naira Today in the Black Market?
As of Wednesday, October 16, 2025, the Dollar to Naira exchange rate in the Lagos Parallel Market (Black Market) is as follows:
-
Buying Rate: ₦1,490 per $1
-
Selling Rate: ₦1,510 per $1
This rate was confirmed by Bureau De Change (BDC) operators in Lagos who spoke with Naijaonpoint Media early Thursday morning.
Important Notice
Please note that the Central Bank of Nigeria (CBN) does not recognize the black market (parallel market). The CBN has advised individuals seeking foreign exchange to approach their respective banks or authorized dealers for official rates.
Dollar to Naira Black Market Rate Today
| Exchange Type | Rate (₦) |
|---|---|
| Buying Rate | ₦1,490 |
| Selling Rate | ₦1,510 |
Dollar to Naira CBN Rate Today
| Exchange Type | Rate (₦) |
|---|---|
| Highest Rate | ₦1,479 |
| Lowest Rate | ₦1,465 |
Disclaimer:
The rates quoted in this article are based on information from black market traders and may differ from rates in your location or at the time of transaction, as forex prices change frequently.