Inquiring about the current exchange rate between the US Dollar and the Nigerian Naira in the unofficial parallel market, commonly known as “Aboki FX,” is a common practice. As of September 22, 2023, here is the latest information on the exchange rate for those interested in converting their US Dollars to Naira
The unofficial exchange rate for the US Dollar to Naira in Lagos’ Parallel Market (also known as the Black Market) on Friday, September 22, 2023, stands at N985 for buying and N990 for selling. This data is sourced from reliable information channels, particularly from Bureau De Change (BDC) sources.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (commonly referred to as the black market). Instead, the CBN encourages individuals looking to engage in foreign exchange transactions to approach their respective banks for official rates and services.
