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    Home»Naija news»Black Market Dollar (USD) to Naira (NGN) exchange rate from May 1, 2025
    Naija news

    Black Market Dollar (USD) to Naira (NGN) exchange rate from May 1, 2025

    tundeoyeyemi2002By tundeoyeyemi2002May 1, 2025No Comments3 Mins Read
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    What is the US dollar in the black market Naira exchange rate, also known as the parallel market (Aboki FX)?

    See the black market dollar to Naira exchange rate below on April 30. You can exchange USD for Naira for these prices.

    How much does it cost to Naira on the black market today?

    USD to Naira exchange rate today black market (Aboki USD exchange rate):

    One dollar exchange rate to Naira in Lagos Parallel market (black market) According to the source Exchange Office (BDC).

    Please note Central Bank of Nigeria (CBN) Don’t recognize the parallel market (black market) because it guides individuals who want to participate Forex Close to their respective banks.

    Today’s Naira Black Market Rate

    USD to Nair (USD to NGN) Today’s black market exchange rate
    Purchase Rate ₦1601
    Sales rate ₦1610

    Today’s Naira CBN exchange rate

    USD to Nair (USD to NGN) Today’s CBN rate
    Maximum speed ₦1603
    Minimum rate ₦1580

    Please note The price you buy or sell forex may be different from the price captured in this article because the price is different.

    Meanwhile, the Independent Petroleum Marketers Association (IPMAN) in Nigeria attributes the recent decline in cooking gas prices to a decrease in Advanced Sports Spirit (PMS), commonly known as gasoline.

    A market survey conducted by Daily Post shows that the price of a 12.5 kg cylinder (LPG) refilled with liquefied petroleum gas (LPG) has dropped from 17,500 to 16,250 in certain retail stores in the federal capital territory Abuja.

    This reflects the new speed of Rs 1,400 last month at 1,300 per kilogram.

    At various gas stations throughout the FCT, the cost of LPG is between ₦1,050 and 1,150, while the previous cost of 1,200 to 1,400 depends on the location.

    In Lagos, the price of supplementing 12.5 kg cylinders is also greatly reduced. According to data from the National Bureau of Statistics (NBS), residents paid about 17,283.58 in November 2024 as of April 2025.

    Other states (such as Edo, Delta and Niger) have witnessed similar price drops, with customers saving at least 1,000 on average when buying a full 12.5 kg refilled or a smaller number.

    The decline in LPG prices followed closely by lowering gasoline prices, at the sales point of the Nigeria National Oil Company Limited (NNPCL) and the sales point of the Nigeria National Oil Company Limited (NNPCL) associated with the Dangote refinery and the Nigeria National Oil Company Limited (NNPCL) sales point of the Nigeria National Oil Company Limited (NNPCL) sales point of the Nigeria National Oil Company Limited (NNPCL) sales point of the Nigeria National Oil Company Limited (NNPCL).

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