Dollar to Naira Black Market Exchange Rate Today, 20th October 2025 can be accessed below..
The Dollar to Naira exchange rate at the black market (Aboki FX) remains a key indicator for traders and individuals seeking to exchange foreign currency outside official channels.
As of Monday, 20th October 2025, Bureau De Change (BDC) operators in Lagos quoted the dollar-to-naira rate as follows:
This means that if you are selling dollars in the black market, you can expect to receive ₦1480, while those buying will pay around ₦1500 per dollar, depending on location and demand.
CBN Official Exchange Rate
Meanwhile, the Central Bank of Nigeria (CBN) has pegged the official exchange rate within the range of:
It is important to note that the CBN does not recognize the black market (parallel market). The apex bank continues to advise individuals seeking foreign exchange for business, travel, or education to do so through official banking channels for transparency and security.
Market Insights
The continued fluctuation in the naira exchange rate reflects ongoing pressure on Nigeria’s forex reserves and rising demand for dollars among importers and businesses. While the CBN’s monetary tightening aims to stabilize the currency, many Nigerians still turn to the parallel market for faster and easier access to forex.
Disclaimer
Exchange rates vary across cities and may change within hours. Rates quoted in this report are based on data obtained from Bureau De Change (BDC) operators in Lagos and may differ from prices in Abuja, Port Harcourt, or other locations.