Black Market Price of Dollar to Naira Today in Lagos, Abuja, Nigeria April 2025

As we can see on the streets of Lagos as of today February 14th 2025, the current black market price of Dollar to Naira is still very high and this is affecting the economy of the country. A 100 dollar today will give you over hundred and fifty thousand naira. This article will be very helpful if you earn in USD in Nigeria.

These impacts go as far as influencing import costs, inflation and primarily purchasing power. The Central Bank of Nigeria (CBN) typically provides official exchange rates, however, many individuals and businesses turn to black markets. Nigerians who earn hard currencies rely on black markets as the informal currency exchange venues.

List of where to Buy and Sell Dollars at Black Market Rate in Lagos

The provision of seamless currency conversion from U.S. dollars to Nigerian naira is possible in Lagos through licensed Bureau De Change (BDC) operators, as well as related financial institutions.

Dollar Black market dealers address are given below:

Marina CMS Aboki Dollar dealers
Yaba Aboki Buyers and Sellers
Agbara market Aboki Dollar dealers
Alaba International by Union Bank Aboki currency dealers
Oyingbo Market Black market dealers

Everdon Bureau de Change |Lagos Island, Nigeria

Offers online and offline dollar trading services, cash delivery services, They buy and sell dollars at black market exchange rate in Lagos State.

Respected FX |Lekki, Nigeria

Licensed Bureau De Change assists individuals and businesses in exchanging Dollars, Pounds, Euros, Bitcoins, and USDT, with great rates and speedy payments.

Dealmakers Bureau De Change |Lagos, Nigeria

Provides currency exchange services with high customer satisfaction, with a 4.8 out of 5-star rating on FineLib. They buy and sell dollars at black market rates.

EXIAP Travelex Nigeria |Ikeja, Nigeria

Located at Murtala Muhammed International Airport and offers foreign currency exchange services with a concentration on integrity and black market rates. They buy and sell dollars to travelers who intend traveling out of the country.

NOTE: While trading dollars in Nigeria, you have to be very careful to avoid scams. NigPrices only listed these black market dealers above, they’re not in anyway affiliated or in partnership with us. Listing them here doesn’t mean endorsement.

When choosing a currency exchange, there are a few things to consider such as the rates of exchange, costs of service, and feedback from customers. It is advised that you choose different sources and compare them to get the best price possible.

Finally, always check if the exchange operator you use is legit so that you will not end up getting defrauded. Simply put, some BDCs also have an online presence from which you can order and pay for the naira you want, as convenient as it sounds.

Carry relevant identification documents such as a valid passport or driver’s license when buying or selling currency.

Black Market Dollar (USD) Buyers and Sellers in Abuja

Currency exchange from U.S. dollars to Nigeria naira in Abuja is easy. There are a good number of licensed Bureau De Change (BDC) operators and financial institutions. Below are some of the reputable ones you can consider:

Bureau De Change |Abuja, Nigeria

It is located in Zone 4, 313. Bureau De Change has proved itself to be a place for security, efficient services, and friendly staff, offering currencies such as dollars, pounds, euros, at black market rate in Abuja.

TOMRAM Bureau De Change |Abuja, Nigeria

TOMRAM Bureau De Change is located within Zone 4. This institution is a legalized operator that gives currency exchange service at very good rates plus quick transactions.

EXIAP Zone 4 Plaza Bureau De Change |Abuja, Nigeria

Located on Addis Ababa Crescent, this bureau offers reliable currency exchange services, catering to both individuals and businesses.

They’re also located in Lugbe, Ogbeni Exchange Ltd focuses on satisfied customers and competitive rates as it provides currency exchange services.

They also have office Situated in Apo Resettlement Area, 365Exchanger Nigeria offers both online and offline currency exchange services to both Nigerians and foreigners as an easy and relaxed way to conduct business.

INFOISINFO Travelex Worldwide Money |Abuja, Nigeria

Located at Plot 1003, 3rd Avenue, Travelex is a subsidiary of Travelex plc and has extended its services to include all areas of foreign exchange clean and full. It prides itself on integrity issuance and good dollar black market rates in Abuja, Nigeria.

Aboki dollar to Naira black market Prices Today in Lagos, Abuja Nigeria February 14th 2025

“Aboki” is a Hausa word that means “friend”, but in this context, Aboki refers to informal street currency traders in Nigeria. These traders help you convert your Dollar to Naira and vice versa.

As of February 14th, 2025, the current black market dollar price rate is ₦1,530 per USD and the selling price is ₦1,600 per USD.

$1: ₦1,530
$5: ₦7,650
$10: ₦15,300
$20: ₦30,600
$50: ₦76,500
$100: ₦153,000
$500: ₦765,000
$1,000: ₦1,530,000

Why Black Market isn’t a Good Place to Buy Dollars

Before considering the black market to buy Dollars, here below are some reasons to bear in mind to avoid unforeseen events:

Legality

Transactions done through black-market sources are illegal and are not recognized by the Central Bank of Nigeria (CBN), which means that buyers are liable to face legal charges over trying to transact or making purchases through the said black-market outlet.

Security Risks

The black market is rife with fraud, theft, and sometimes counterfeit notes; transactions have no safety or security. You have to be very careful buying dollars here as you could lose your money to fake currency.

No Protection for Consumers

They are not regulated like licensed Bureau De Change operators, hence, consumers do not have the option to go to a proper course or authority for justice in case of a dispute or malpractice.

Disadvantageous Rates

The black market rates are never stable as they can fluctuate in price and ironically, the prices are always always more than the official prices, which eventually leads to unnecessary loss of finances in the end.

Why Black Market Dollar Price is Always Higher than Official Rate

The disparity between the black market and official exchange rates is a result of several factors. They are as follows:

Regulatory Policies

Another core reason why the black market dollar price is always higher than the official rate is because of government policies.

Individuals and businesses will tend to seek convenient alternatives when the government places restrictions on foreign currency availability.

Speculations

Inflation of black market prices may sometimes be a result of perceptions of economic instability. Typical examples of speculations may be political unrest or fluctuating oil prices.

Wrap Up

Now that you know the black market price of Dollar to Naira, it is also important that you know the risks and challenges it attracts. Despite being the alternative for most Nigerians earning in hard currencies, for safer and more reliable transactions you may want to utilize official channels and licensed Bureau De Change Operators.