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Black Market Dollar to Naira Exchange Rate for May 6, 2025
As of today, May 6, 2025, the exchange rate for the Dollar to Naira in the black market, also known as the parallel market (Aboki fx), shows a buying rate of ₦1590 and a selling rate of ₦1598. This is according to Bureau De Change (BDC) sources in Lagos.....KINDLY READ THE FULL STORY HERE▶
For those looking to exchange dollars for Naira, these are the rates currently being observed in the parallel market. It is important to note that the Central Bank of Nigeria (CBN) does not recognize the black market and has advised individuals to engage with banks for any foreign exchange transactions.
At the official CBN rates, the highest exchange rate for the Dollar to Naira stands at ₦1606, with the lowest recorded at ₦1600. However, it is important to be aware that actual exchange rates may vary based on specific transactions and locations.
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