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 3rd January, 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 N1660 and sell at N1665 on Friday 3rd January 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 |
N1660 |
| Selling Rate |
N1665 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) |
CBN Rate Today |
| Highest Rate |
N1540 |
| Lowest Rate |
N1531 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Meanwhile, Economist, Bismarck Rewane has characterized President Bola Tinubu’s 15% inflation target for 2025 as overly optimistic, describing it as “aspirational” and “bullish.”
Rewane made the statement during an appearance on Channels Television’s Business Morning segment of the Sunrise Daily breakfast program on Thursday.
Naijaonpoint recalls that in his 2025 budget presentation to the National Assembly on December 18, 2024, President Tinubu expressed confidence that Nigeria’s inflation rate, which had risen to 34.6%, would drop to 15% by the end of the year 2025.
However, Rewane questioned the feasibility of this target, suggesting that a more realistic expectation would be a reduction to around 27% or 25%.
“Well, the target is an aspiration; the reality that we think is inflation could reduce from approximately 35% to somewhere like 27% or 25% but a 15% rate on inflation is very bullish and aspirational but we are free to have our aspirations.
“We deal in the world of reality and in the world of reality, we see more of 27% to 25%. I would rather bet on that than bet on much more optimistic scenarios,” he said.
Rewane emphasized that, based on the current economic environment, his outlook was more in line with a reduction to the mid-20s range rather than the much lower figure proposed by Tinubu.
