What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for 11th January, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1660 and sell at N1670 on Saturday 11th January 2025, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate
N1660
Selling Rate
N1670
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Highest Rate
N1548
Lowest Rate
N1538
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigeria’s headline inflation rate is anticipated to average 30.5% year-on-year in 2025, ultimately decreasing to 27.1% by December.
This forecast, as outlined in the recent Nigerian Economic Summit Group (NESG)-Stanbic IBTC Business Confidence Monitor report, is predicated on the expectation that headline inflation will remain elevated in September 2025 but will fall below 30.0% thereafter.
This decline is attributed to the gradual easing of high petrol prices from the year-on-year inflation calculations, assuming there are no unforeseen adverse fluctuations in petrol prices.
Henzodaily reports that inflation continues to be a significant issue for Nigeria’s economy, with increasing fuel prices and currency devaluation contributing to rising costs across all sectors.
The report stated, “We expect headline inflation to remain sticky in 9M:25 but settle below 30.0 per cent from September 2025 as high petrol cost gets smoothened out of the year-on-year headline inflation, barring any unexpected negative shocks to petrol prices.
“This expectation, in addition to our prognosis on the USD/NGN pair, fiscal deficits, and food supplies, informs our forecast that the headline inflation may average 30.5 per cent y/y in 2025 and settle at 27.1 per cent by December 2025.
“In our view, this could induce the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to switch to an accommodative monetary policy stance in late 2025. A relatively lower headline inflation in H2:24 should support consumer spending, and business activity should also improve as the impact of the government’s two-flagship policies (FX liberalization and fuel subsidy removal) subside.”