Curious about today’s black market exchange rate for the dollar to naira? Here’s the latest update for 10th February 2025. If you’re looking to exchange your dollars for naira, these are the rates circulating in the parallel market:......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
At the Lagos Parallel Market (commonly referred to as the black market), traders are buying 1 USD for ₦1570 and selling at ₦1590 as of Sunday, 9th February 2025. This information comes from trusted sources within the Bureau De Change (BDC).
The Central Bank of Nigeria (CBN) does not recognize the black market rates. For official forex transactions, individuals are advised to use authorized financial institutions and approach their respective banks.
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market (Aboki FX) | ₦1570 | ₦1590 |
| CBN Official Rate | ₦1503 (Highest) | ₦1496 (Lowest) |
Note:The rates at which you buy or sell dollars may vary slightly depending on your location and the vendor.
