Dollar to Naira Black Market Exchange Rate Today — October 21, 2025

The value of the Naira continues to fluctuate in Nigeria’s foreign exchange market as the Dollar maintains pressure against the local currency. As of Tuesday, October 21, 2025, the Dollar to Naira exchange rate in the black market (Aboki FX) has been confirmed by Bureau De Change operators in Lagos, showing the Dollar selling as high as ₦1,500 and buying at ₦1,480. Meanwhile, the official CBN rate remains within the range of ₦1,464 to ₦1,470 per $1.

 

Dollar to Naira Black Market Exchange Rate Today  October 21, 2025

 

The exchange rate between the US Dollar and the Nigerian Naira has continued to fluctuate across different markets, with the black market (parallel market) rate showing a slight variation compared to the official window.

According to information obtained from Bureau De Change (BDC) operators in Lagos on Monday, October 20, 2025, the Dollar to Naira exchange rate at the black market stands as follows:

• Buying Rate: ₦1,480 per $1

• Selling Rate: ₦1,500 per $1

This means that those who wish to sell dollars will receive ₦1,480, while those looking to buy dollars from parallel market dealers will pay around ₦1,500.

In contrast, at the official Central Bank of Nigeria (CBN) rate, the Dollar traded between ₦1,464 and ₦1,470 per $1, reflecting a more controlled valuation.

It is important to note that the CBN does not officially recognize the black market, commonly referred to as the Aboki FX rate, for foreign exchange transactions. The apex bank continues to advise individuals and businesses to conduct all forex dealings through their respective commercial banks or other authorized financial institutions.

While many Nigerians continue to rely on the parallel market due to accessibility and faster transaction times, experts caution that rates in this segment can fluctuate significantly depending on market demand, liquidity, and economic trends.

As of today, the difference between the official and black market rates highlights ongoing foreign exchange pressures, despite recent government efforts to stabilize the Naira and encourage inflow of foreign currency.

Note: Exchange rates may vary by location and dealer. Always verify rates before conducting any transaction.