Dollar to Naira Exchange Rate on Black Market (Aboki FX)

As of May 4th, 2024, the black market exchange rate for the dollar to naira is:

Buying Rate: N1380
Selling Rate: N1420

Note:
The Central Bank of Nigeria (CBN) does not recognize the black market (known as the parallel market).

Forex transactions should be conducted through authorized banks.

CBN Exchange Rate for Dollar to Naira

Buying Rate: N1441
Selling Rate: N1442

Important Notes:
Exchange rates may vary slightly from those reported in this article.

The Nigeria Deposit Insurance Corporation (NDIC) has recently increased deposit insurance coverage for licensed financial institutions, enhancing protection for depositors in the event of bank failure. CONTINUE READING