What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for 20th May, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1625 and sell at ₦1630 on Tuesday 20th May, 2025, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) |
Black Market Exchange Rate Today |
| Buying Rate |
₦1625 |
| Selling Rate |
₦1630 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) |
CBN Rate Today |
| Highest Rate |
₦1601 |
| Lowest Rate |
₦1580 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
In other news, it has been forecasted that oil and gas production from the Nigerian National Petroleum Company Limited (NNPCL) may be reduced by 50% by the late 2030s due to a significant number of sub-commercial assets in its portfolio.
This insight was shared by a global leader in data and analytics for the energy and natural resources sectors, Wood McKenzie’ team of specialists, including Research Director for Upstream, Ian Thom; Director of Corporate Research, Neivan Boroujerdi; and Head of West Africa Upstream Content, Mansur Mohammed, during a review of the company following the departure of its former Group Chief Executive Officer, Mele Kyari.
In a podcast titled “A New Era for NNPC and Nigeria’s Upstream Oil & Gas Sector,” The group explained that their analysis utilised a new upstream benchmarking tool that offers customizable insights into essential operational and financial metrics.
Naijaonpoint reports that the review was conducted in light of the ambitious goals set for the NNPC board by President Bola Tinubu, which include attracting $60 billion in investments by 2030, increasing oil production to 3 million barrels per day, gas production to 10 BCF per day, and enhancing NNPC’s refining capacity to 500,000 barrels per day.
