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Dollar to Naira Black Market & CBN Rates – June 12, 2025
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CBN official rate stands at ₦1,547.6 per US dollar today.
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CBN warns public to avoid black market, use banks for forex.
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EKO HOT BLOG reports that looking to exchange dollars for naira today? Here’s the latest comparison between black market (parallel market) and official rates:
🏦 Black Market (Parallel Market / Aboki FX)
| Transaction | Rate (NGN/USD) |
|---|---|
| Buying (you sell USD) | ₦1,610 |
| Selling (you buy USD) | ₦1,615 |
Parallel market rates are sourced from AbokiFX and reflect current Lagos figures abokifx.com+11abokifx.app+11abokifx.net+11.
🏛 Central Bank of Nigeria (CBN) Official Rate
The CBN rate remains significantly lower, at approximately ₦1,547.6 per USD abokifx.net+3en.wikipedia.org+3abokipure.com+3.
💡 Key Insights
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Black market premium: You receive ₦63.4 more per dollar selling on the parallel market compared to banking channels.
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CBN recommends official forex channels. The Central Bank does not recognise the black market.
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Rates are volatile: Parallel market rates can shift throughout the day, so it’s wise to verify before any transaction.
⚠️ Reminder
When dealing in forex, always consider the risks—unauthorised traders, counterfeit notes, or potential legal implications. For large or critical transactions, licensed Bureau De Change (BDCs) or authorised banks are the safest route.
Bottom line:
₦1,610 is the latest buying rate, and ₦1,615 is the selling rate in the Lagos black market as of June 12, 2025. These parallel market figures are substantially higher than the ₦1,547.6 official CBN rate.
Let me know if you’d like updates on other currencies or more context on forex regulations!
