The dollar is now selling for ₦1,607 in the black market as of Thursday, April 17, 2025. If you’re trying to change dollars in Lagos or at the roadside markets, this is the price you’ll likely meet. Buyers are getting USDT at ₦1,600 and selling at ₦1,607.
These rates come from the popular parallel market, also known as Aboki FX, where many people go when they can’t get foreign exchange from banks. However, it’s important to remember that the Central Bank of Nigeria (CBN) does not support this black market. The CBN advises Nigerians to use official banks for any foreign currency transactions.
At the official bank rate today, the United States currency is trading between ₦1,595 and ₦1,603. But in reality, most people say the black market is where they can find dollars faster—even if it comes at a higher price.
