Nigeria’s foreign exchange market recorded steady activity as the Dollar to Naira exchange rate at the parallel market, popularly called Aboki FX, was updated on Saturday, January 24. Market checks across Lagos revealed that Bureau De Change operators sold the US Dollar at ₦1,490, while buyers purchased at ₦1,482 per dollar.
This black market rate continues to reflect demand pressure for foreign currency, especially among importers, travelers, and businesses seeking faster access to dollars. However, authorities maintain a firm stance against the parallel market. The Central Bank of Nigeria (CBN) has repeatedly warned that it does not recognize black market transactions and advises Nigerians to access forex through licensed banks and official channels.
While the parallel market remains influential in daily pricing conversations, experts urge caution, as rates may change rapidly based on market forces and policy decisions.
Dollar to Naira Black Market Today Rate
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦1490 |
| Buying Rate | ₦1482 |
Dollar to Naira CBN Today Rate
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1423 |
| Lowest Rate | ₦1420 |
Please note that buy or sell forex may be different from what is captured in this article because prices vary.
#DollarToNaira #AbokiFX #BlackMarketRate #NairaToday #ForexNigeria #ExchangeRate
