WATCH THE VIDEO HERE Are you searching for the latest Dollar to Naira exchange rate today, 18 March 2025? This article provides an in-depth analysis of the Aboki black market rate, the CBN official rate, and the factors influencing the USD to NGN exchange rate in Nigeria. The Aboki exchange rate or black market dollar to naira rate fluctuates daily due to supply and demand dynamics. As of today, Tuesday, 18 March 2025, the black market exchange rate in Lagos and other parts of Nigeria is: Buying Rate: ₦1,575 per $1 This means that if you are buying dollars, you will get $1 for ₦1,585, and if you are selling dollars, you will receive ₦1,575 per $1 in the parallel market. Note: The black market rate is not regulated by the Central Bank of Nigeria (CBN) and is influenced by forex traders’ activities in the market. The Central Bank of Nigeria (CBN) determines the official exchange rate for USD to NGN, which is lower than the parallel market rate. As of 18 March 2025, the official rates are: CBN Buying Rate: ₦1,527 per $1 The CBN rate applies to government transactions, official imports/exports, and regulated forex trades through Nigerian banks and licensed exchange platforms. If you are exchanging USD to NGN through Nigerian banks, the rates may vary depending on the bank. On average, the bank exchange rate for the dollar today is: Bank Rate: ₦1,540 – ₦1,550 per $1 Note: Banks follow CBN guidelines and often offer lower rates than the black market. However, access to dollars from banks is limited due to forex scarcity. Several factors influence the fluctuation of the naira against the dollar, including: You can exchange USD to NGN through: Warning: The black market is illegal and comes with risks like fraud and fluctuating rates. Q: What is the black market exchange rate for the dollar today? Q: What is the CBN official exchange rate today? Q: Where can I get the best exchange rate? Q: Will the naira appreciate against the dollar? The Dollar to Naira exchange rate today, 18 March 2025, shows a gap between the black market rate (₦1,585/$1) and the CBN rate (₦1,528/$1). The Aboki exchange rate continues to fluctuate due to forex demand and government policies. Stay updated with daily Dollar to Naira rates for the best exchange deals. Bookmark this page for real-time updates!Dollar to Naira Black Market Exchange Rate Today – 18 March 2025
Selling Rate: ₦1,585 per $1Official CBN Dollar to Naira Exchange Rate Today – 18 March 2025
CBN Selling Rate: ₦1,528 per $1Dollar to Naira Exchange Rate in Banks Today – 18 March 2025
Factors Affecting the Dollar to Naira Exchange Rate
How to Exchange Dollars to Naira in Nigeria
FAQ on Dollar to Naira Exchange Rate
A: As of 18 March 2025, the Aboki FX black market rate is ₦1,585 per $1.
A: The CBN rate for USD to NGN is ₦1,528 per $1.
A: The best exchange rate depends on whether you use banks, online platforms, or black market traders. Banks offer lower rates but have restrictions.
A: The naira’s strength depends on economic policies, inflation control, and forex reserves.Conclusion