The Dollar to Naira exchange rate continues to be one of the most closely monitored indicators in Nigeria’s economy. With the ongoing pressure on the foreign exchange market, many Nigerians turn to the black market (also known as Aboki FX or parallel market) for quick access to foreign currency.
As of Saturday, October 4, 2025, the latest Dollar to Naira black market rate across major Nigerian cities — Lagos, Abuja, Port Harcourt, and Benin City is as follows:
Dollar to Naira Black Market Rate (Aboki FX Today)
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Buying Rate: ₦1,470 per $1
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Selling Rate: ₦1,490 per $1
This means if you are selling dollars, you’ll receive about ₦1,470 per $1, while those buying dollars from Bureau De Change (BDC) operators will pay ₦1,490 per $1.
Official CBN Dollar to Naira Rate Today
While the black market rate fluctuates based on demand and supply, the Central Bank of Nigeria (CBN) maintains an official exchange rate that differs from the parallel market.
As of today:
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Highest CBN Rate: ₦1,468 per $1
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Lowest CBN Rate: ₦1,445 per $1
The CBN does not recognize the black market and advises Nigerians to conduct all forex transactions through authorized financial institutions and official channels.
Why the Difference Between CBN and Black Market Rates?
The persistent gap between the official exchange rate and the parallel market rate is driven by several factors:
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High demand for dollars by importers, travelers, and international traders.
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Limited foreign exchange supply in the official market.
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Inflation and speculation, as many investors hold dollars as a safe asset.
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Government policies affecting forex allocation and trade restrictions.
Key Takeaways
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The Dollar to Naira rate today in the black market stands at ₦1,490 per $1 (selling).
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CBN rates remain around ₦1,450 per $1, depending on official data updates.
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The difference between both markets highlights Nigeria’s ongoing foreign exchange challenges.
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Always confirm rates before making transactions, as prices vary across locations and dealers.
Disclaimer
Exchange rates may vary depending on city, transaction size, and market trends. All rates provided here are for informational purposes only and not to be used as financial advice.
