The naira continues to face intense pressure at the foreign exchange market as the black market rate remains higher than the official window.
As of Monday, September 29, 2025, checks across major Bureau De Change (BDC) operators in Lagos revealed that the dollar exchanged at ₦1,510 for selling and ₦1,490 for buying at the parallel market, popularly known as the black market (Aboki fx).
In contrast, figures from the Central Bank of Nigeria (CBN) show that the official exchange rate closed between ₦1,475 (lowest) and ₦1,486 (highest) per dollar.
It is important to note that the CBN does not recognize the black market for foreign exchange transactions. The apex bank insists that Nigerians seeking foreign exchange for legitimate purposes should approach commercial banks or licensed financial institutions.
Dollar to Naira Exchange Rate Today – September 29, 2025
Black Market (Aboki fx):
- Selling: ₦1,510
- Buying: ₦1,490
CBN Official Rate:
- Highest: ₦1,486
- Lowest: ₦1,475
The persistent gap between the official and parallel market rates continues to drive Nigerians, especially importers and business owners, towards the black market despite repeated warnings from the CBN.
