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 16th 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 N1670 and sell at N1680 on Thursday 16th 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 | N1670 |
| Selling Rate | N1680 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | N1554 |
| Lowest Rate | N1546 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Organisation of the Petroleum Exporting Countries (OPEC) has highlighted how the Dangote Petroleum Refinery’s efforts to boost Premium Motor Spirit (PMS) production are reshaping the European fuel market.
The refinery, with a capacity of 650,000 barrels per day, began operations in January last year and started PMS production in September.
This marked a significant shift for Nigeria, which previously relied entirely on fuel imports. The facility has since exported petrol, diesel, and aviation fuel to various countries, both within and beyond Africa.
An OPEC report on Wednesday noted that the Dangote Refinery has reduced Nigeria’s dependency on imported petroleum products from Europe.
