NewsOnline Nigeria brings you the latest update on the Dollar to Naira exchange rate in the black market (Aboki FX) for Sunday, 24 August 2025. Whether you’re buying or selling dollars, here’s the verified parallel market rate and the official Central Bank of Nigeria (CBN) rate.
Based on Lagos Bureau De Change (BDC) sources and real-time market data:
Buying Rate: ₦1,580 per $1
Selling Rate: ₦1,585 per $1
Note: Black market rates are highly volatile and may change throughout the day depending on demand and supply dynamics.
Key Insights:
The black market rate is generally higher than the official CBN rate.
Rates fluctuate depending on forex availability, market sentiment, and location.
Dealers may offer slightly different rates based on transaction size and area.
The Central Bank of Nigeria (CBN) published the following rates today:
Buying Rate: ₦1,575 per $1
Selling Rate: ₦1,580 per $1
The CBN warns Nigerians against black market forex trading and urges all transactions to be conducted through authorized financial institutions.
| Market | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market (Aboki FX) | ₦1,580 | ₦1,585 |
| CBN Official Rate | ₦1,575 | ₦1,580 |
If you must transact on the parallel market:
Deal only with verified and reputable BDC operators.
Confirm real-time rates before exchanging.
Avoid large transactions without proper verification.
Always request written receipts and record all dealings.
Foreign exchange scarcity
Market speculation and demand
Political and economic developments in Nigeria and abroad
Global oil price fluctuations
Changes in CBN monetary policy
The rates above are for informational purposes only. Rates may vary depending on location, dealer, and time of transaction. Always verify rates from reliable sources before conducting any financial transaction.
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