Black Market Dollar to Naira Exchange Rate Today, September 18, 2025

The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to fluctuate at the parallel market, popularly known as the black market or Aboki FX.

According to traders in Lagos, on Wednesday, September 17, 2025, the dollar was bought at ₦1,540 and sold at ₦1,535 in the black market.

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize transactions carried out in the parallel market. The apex bank advises individuals or businesses seeking foreign exchange to process their transactions through authorized financial institutions.

Meanwhile, forex market watchers say demand pressure continues to drive rates in the unofficial market, while official rates remain relatively lower at regulated financial outlets.