GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Dollar to Naira Today 18 March 2025 – Aboki Exchange Rate, Black Market & CBN Rate

Enudi Golden by Enudi Golden
March 18, 2025
in business, Headline, News
Reading Time: 4 mins read
Aboki USD to Naira Exchange Rate Today – 23rd April 2025 (Black Market Rates)
99
SHARES
Advertisements

Dollar to Naira Today 18 March 2025 – Aboki Exchange Rate, Black Market & CBN Rate

Are you searching for the latest Dollar to Naira exchange rate today, 18 March 2025? This article provides an in-depth analysis of the Aboki black market rate, the CBN official rate, and the factors influencing the USD to NGN exchange rate in Nigeria.

Dollar to Naira Black Market Exchange Rate Today – 18 March 2025

The Aboki exchange rate or black market dollar to naira rate fluctuates daily due to supply and demand dynamics. As of today, Tuesday, 18 March 2025, the black market exchange rate in Lagos and other parts of Nigeria is:

READ ALSO

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

Over 100 killed as Deadly floods hit Popular Market in Nigeria

Buying Rate: ₦1,575 per $1
Selling Rate: ₦1,585 per $1

This means that if you are buying dollars, you will get $1 for ₦1,585, and if you are selling dollars, you will receive ₦1,575 per $1 in the parallel market.

Note: The black market rate is not regulated by the Central Bank of Nigeria (CBN) and is influenced by forex traders’ activities in the market.

Official CBN Dollar to Naira Exchange Rate Today – 18 March 2025

The Central Bank of Nigeria (CBN) determines the official exchange rate for USD to NGN, which is lower than the parallel market rate. As of 18 March 2025, the official rates are:

CBN Buying Rate: ₦1,527 per $1
CBN Selling Rate: ₦1,528 per $1

The CBN rate applies to government transactions, official imports/exports, and regulated forex trades through Nigerian banks and licensed exchange platforms.

Dollar to Naira Exchange Rate in Banks Today – 18 March 2025

If you are exchanging USD to NGN through Nigerian banks, the rates may vary depending on the bank. On average, the bank exchange rate for the dollar today is:

Bank Rate: ₦1,540 – ₦1,550 per $1

Note: Banks follow CBN guidelines and often offer lower rates than the black market. However, access to dollars from banks is limited due to forex scarcity.

 

Factors Affecting the Dollar to Naira Exchange Rate

Several factors influence the fluctuation of the naira against the dollar, including:

  • Inflation Rate – High inflation weakens the naira.
  • Interest Rates – Higher interest rates can attract foreign investors, strengthening the naira.
  • Forex Reserves – A decline in Nigeria’s foreign reserves affects the exchange rate.
  • Trade Deficit – More imports than exports increase dollar demand.
  • Government Policies – CBN interventions impact USD to NGN rates.

How to Exchange Dollars to Naira in Nigeria

You can exchange USD to NGN through:

  • Commercial Banks – Using the CBN official exchange rate.
  • Bureau de Change (BDC) – Available at airports and major cities.
  • Online Forex Platforms – Apps like Binance P2P for digital exchanges.
  • Black Market – Unregulated, but widely used for forex transactions.

Warning: The black market is illegal and comes with risks like fraud and fluctuating rates.

FAQ on Dollar to Naira Exchange Rate

Q: What is the black market exchange rate for the dollar today?
A: As of 18 March 2025, the Aboki FX black market rate is ₦1,585 per $1.

Q: What is the CBN official exchange rate today?
A: The CBN rate for USD to NGN is ₦1,528 per $1.

Q: Where can I get the best exchange rate?
A: The best exchange rate depends on whether you use banks, online platforms, or black market traders. Banks offer lower rates but have restrictions.

Q: Will the naira appreciate against the dollar?
A: The naira’s strength depends on economic policies, inflation control, and forex reserves.

 

Conclusion

The Dollar to Naira exchange rate today, 18 March 2025, shows a gap between the black market rate (₦1,585/$1) and the CBN rate (₦1,528/$1). The Aboki exchange rate continues to fluctuate due to forex demand and government policies.

Stay updated with daily Dollar to Naira rates for the best exchange deals. Bookmark this page for real-time updates!

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

How to Apply for the 3MTT & Loubby AI N20M Employers Fund Initiative

Next Post

FG Opens Application Portal for Accreditation of Trainers Under TVET Program

Related Posts

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan   The Federal Government has confirmed that students...

Read more

Over 100 killed as Deadly floods hit Popular Market in Nigeria

100 killed as Deadly floods hit Popular Market in Nigeria

Over 100 killed as Deadly floods hit Popular Market in Nigeria Mokwa, Niger State, Nigeria — More than 100 people...

Read more

Grant for Women in Engineering – Apply for Delt-Her Women Empowerment Program 2025

Delt-Her Women Empowerment Program 2025

Apply for Delt-Her Women Empowerment Program 2025 following the guidelines below...   Developing Engineering Leaders Through Her (DELT-Her) is an...

Read more

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025 Deadline

YEIDEP Grant Hits 5.1 Million Applicants

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025, Deadline   The Youth Economic Intervention and De-Radicalization...

Read more

How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide

RRR/NSR 75K Cash Transfer Form

 How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide Are you looking to benefit from the...

Read more

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)   With millions of Nigerians living below the...

Read more

₦75,000 CCT Process Begins – Check If You’re Eligible!

₦75,000 CCT Process Begins - Check If You’re Eligible!   Lagos State is leading the way in rolling out the...

Read more

Two Years Anniversary: Niger CAN Congratulates Gov. Bago

Rt. Hon. Umar Bago The Chairman Christian Association of Nigeria Niger state chapter, Most Reverend Dr. Bulus Dauwa Yohanna has...

Read more

Flood claims over 20 lives in Niger communities

Victim ...Woman, 2 children rescued, 10 persons still missing   Following a heavy downpour that occurred on Thursday, no fewer...

Read more

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

FG Announces N45K Monthly Stipend for Technical College Students GoldenNewsNg reports that the Federal Government has announced a new policy...

Read more
Load More
Next Post
FG Opens Application Portal for Accreditation of Trainers Under TVET Program

FG Opens Application Portal for Accreditation of Trainers Under TVET Program

SEARCH ADS

Latest Posts

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan
Education

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

100 killed as Deadly floods hit Popular Market in Nigeria
News

Over 100 killed as Deadly floods hit Popular Market in Nigeria

Delt-Her Women Empowerment Program 2025
Headline

Grant for Women in Engineering – Apply for Delt-Her Women Empowerment Program 2025

YEIDEP Grant Hits 5.1 Million Applicants
Jobs

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025 Deadline

RRR/NSR 75K Cash Transfer Form
Headline

How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)
business

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

News

₦75,000 CCT Process Begins – Check If You’re Eligible!

News

Two Years Anniversary: Niger CAN Congratulates Gov. Bago

Headline

Flood claims over 20 lives in Niger communities

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know
Education

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News